The economy of Peru, the world’s second largest copper producer, is expected to grow an annual average of 5.1% between 2021 and 2026, the economy ministry said on TuesdayAdd your comment!
Workers from agricultural export companies in Peru renewed protests this week after Congress failed to reach an agreement to reform the sector and address their complaints about poor pay.
The Inca citadel of Machu Picchu, the crown jewel of Peru's tourist sites, closed its doors Monday for an indefinite period for security reasons amid protests by locals over train services, officials said.
Peru has joined a select group of countries issuing debt that matures in 100 years, as investors looked beyond the acute political crisis that has engulfed the country in recent weeks.
Protests by farmworkers demanding better wages in Peru raged on for a fourth day on Thursday, spreading north into key agricultural areas of the Andean nation, derailing harvests of some crops, snarling transport of produce and leaving at least one dead.
Peru said on Monday an eager market had soaked up its offer of US$ 4 billion worth of debt, including a rare century bond, as the world´s No. 2 copper miner scrambles to raise funds to soften the economic fallout from the coronavirus crisis.
The Peruvian government enacted a law that allows citizens a second withdrawal of funds from the private pension system in order to ease the economic blow from the coronavirus pandemic, according to the official newspaper El Peruano.
Peru’s interim president appointed veteran economist Waldo Mendoza as his finance minister in a bid to shore up investor confidence shaken by political turmoil. Interim President Francisco Sagasti swore in most of his 19-member ministerial team on Wednesday after becoming the country’s third leader in little more than a week.
Peru’s interim president resigned on Sunday as the nation plunged into its worst constitutional crisis in two decades following massive protests unleashed when Congress ousted the nation’s popular leader.
At least 27 people have been wounded in clashes between police and protesters as thousands of Peruvians took to the streets to demonstrate against the dismissal of President Martin Vizcarra, police and rights groups say.