Peruvian President Ollanta Humala emphasized on Monday the importance of trade and investment relations with China, both for Peru and the region during the opening in Lima of the two-day 5th China-Latin America Business Summit
The ethics committee in Peru's Congress voted on Tuesday to suspend Vice President Omar Chehade from the legislature over corruption allegations, increasing pressure on him to resign from both posts.
The World Bank has offered a 3 billion dollars line of credit to Peru, backing President Ollanta Humala's plans for anti-poverty initiatives and sustained economic growth, a regional vice president said this week.
President Ollanta Humala has fired two-thirds of all generals in Peru's police force in an unprecedented purge to stamp out systemic corruption, the government said on Monday. In the Armed Forces there was also a renewal with the promotion of 48 officers.
Peru had its foreign debt rating raised one level by Standard & Poor’s, which said it expects recently elected President Ollanta Humala to continue policies that support the country’s economic expansion.
The UN Special Rapporteur on the rights of indigenous peoples, James Anaya and Amnesty International praised the approval of a law on consultation with indigenous peoples by the Congress of Peru and called on President Ollanta Humala for its quick promulgation and implementation.
Peru has reached an agreement with mining companies that will raise the industry’s annual payments to the government to about one billion dollars, the government said on Thursday, fulfilling a campaign promise by President Ollanta Humala.
Consumer countries must assume their responsibility in the fight against the drug trade because as long as there is a demand, the illegal business won’t be stopped said the Organization of American States Secretary General Jose Miguel Insulza who also praised his host Peruvian president Ollanta Humala for convening a presidential summit on the issue.
Peru's incoming President Ollanta Humala promised on Thursday the poor would take part in the country's economic boom, investors and their contracts would be respected and changes will be moderate and gradual.
Former nationalist military officer Ollanta Humala will take office next Thursday as the next president of Peru, one of the fastest growing economies in the world but with almost half the population living in poverty.