Mexico, Colombia, Chile and Peru plan to work with the World Bank to launch a new bond to cover losses in the event of extreme weather, Peru's finance minister said.
Peruvian President Martin Vizcarra swore in actor and former Culture Minister Salvador del Solar as his new prime minister in a cabinet shuffle that may help shore up his slipping approval ratings.
Peru's gross domestic product (GDP) is set to expand 3.7% this year and the next, boosted by the good performance of private investment and consumption, according to The Economist.