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Montevideo, January 17th 2022 - 20:23 UTC

Tag: Peru economy

  • Friday, August 13th 2021 - 15:38 UTC

    Relief for Peruvian investors: orthodox central bank president remains in the post

    Julio Velarde made public his decision this week, following long discussions with the Minister of Finance Pedro Francke of the new Castillo administration

    Julio Velarde will remain as president of the Peruvian Central Bank for another five years, the same job he has held since 2006, and is acknowledged as the man who helped stabilize the country's markets, with low inflation. The news should come as a relief for investors and holders of Peruvian bonds.

  • Wednesday, June 17th 2020 - 08:26 UTC

    Peru's economic activity plunges 405% year on year in April

    President Martin Vizcarra said that the still-raging coronavirus epidemic and dire economic news represented the “most serious crisis in our history.”

    Peru´s economic activity sank 40.49% year-on-year in April, its worst-ever percentage drop in output, as a national lockdown to combat the coronavirus slammed the brakes on industry across the country, the government said.

  • Friday, December 2nd 2016 - 08:56 UTC

    Peruvian aquaculture expanding at an annual 20% rate

    “Production jumped from 6,596 tons a year in 2000 to 115,271 tons in 2014,” said Vice Minister of Fisheries and Aquaculture Hector Soldi.

    Aquaculture activity grows at an annual average of more than 20% in Peru, ranking among the countries with the greatest increase of this activity in Latin America.“Our country is an important player in the supply of inputs for the world’s aquaculture industry, it is not foreign to the growth trends that this activity presents in the world. We changed from a production of 6,596 tons in the year 2000 to 115,271 tons in 2014,” said Vice Minister of Fisheries and Aquaculture Hector Soldi.

  • Friday, November 25th 2016 - 16:26 UTC

    Peru foresees great economic expansion for 2017

    Peru's Economy and Finance Minister Alfredo Thorne

    Peru's Economy and Finance Minister Alfredo Thorne said Thursday his country is set to record a growth of 4.8% as next year's budget was passed. Private investment in areas such as infrastructure will be the key.

  • Tuesday, July 29th 2014 - 05:17 UTC

    Peru announces increase in government spending to prop the economy

    “We have to grow more, to continue generating wealth and jobs,” Humala said in a speech to the nation that marked Peru's Independence Day

    Peru's President Ollanta Humala said on Monday that his government is countering slow economic growth by boosting public spending on improved wages and better benefits for public health, education and security workers.

  • Thursday, July 24th 2014 - 06:20 UTC

    World Bank praise for Peru as one of the most solid economies in the region

    “The international environment is more complex, the Peruvian economy performs better than the average Latin American country” said Familiar.

    The World Bank's vice president for Latin America and the Caribbean, Jorge Familiar, on Wednesday highlighted Peru's economic growth over the past 10 years. Peru's average economic growth over the period has registered 6. 5% annually, allowing many Peruvians to escape poverty, said Familiar.

  • Saturday, July 5th 2014 - 09:32 UTC

    Moody's confirms Peru as one of South America's strongest economy

    Minister Ghezzi pointed out that Peru had become one of the countries with “the lowest credit risk in the world”.

    Peru's sustained macroeconomic performance has been recognized through the recently announced upgrade to A3 of its sovereign debt by Moody’s Investors Service. According to the credit rating agency, Peru' government debt was lifted two notches to A3 from Baa2, with a stable outlook for the economy.