Chilean President Sebastian Piñera and Peru’s Alan Garcia agreed on Wednesday to downplay Lima’s suit against Santiago over maritime boundaries in favor of economic integration to combat poverty and underdevelopment. They instead outlined that bilateral relations are going through the best ever time, in term of relations.
Susana Villaran took office this week as the first popularly elected female mayor of Lima, in a ceremony attended by Peruvian President Alan Garcia and former U.N. Secretary-General Javier Perez de Cuellar.
Keiko Fujimori, daughter of jailed former President Alberto Fujimori, joined Peru's presidential race, vowing to make sure the country's economic boom lifts more people out of poverty.
Chile, Peru and Uruguay rank as the countries with the best business climate according to a report from the Brazilian foundation Getulio Vargas, FGV. The October report released this week ranks Chile with 7.5 points; Peru, 7.1; Uruguay, 7; Brazil, 6.8; Colombia, 6.8; Paraguay, 6.5; Argentina, 5.9 and Bolivia, 5.6.
Finance Minister Ismael Benavides said Peru's economy should grow between 8% and 8.5% this year, with inflation ending the year from 2.2% to 2.5%. The Peruvian Central Bank latest forecast was annual growth of 7.5% to 8%.
The main securities exchanges in Chile, Colombia and Peru plan to begin trialling cross-border stock trading in an arrangement that may lead to the creation of Latin America’s second-largest bourse by market value.
US citizen Lori Berenson who is serving a 20- year prison sentence in Peru for aiding Marxist rebels, was granted parole for a second time. Berenson is entitled to parole as she has served more than three quarters of her 20-year sentence for helping plan an attack on Peru’s Congress, Judge Jessica Leon ruled.
Colombia approved Friday the integration of the Colombian stock exchange with those of Chile and Peru opening the way for the start of joint operations next November 22.
Peruvian President Alan Garcia is proposing to Chilean President Sebastian Piñera a zone for free movement of goods, people and capital, a zone that would include Colombia, Panama, Ecuador, Peru and Chile.
Bolivian president Evo Morales is considering the purchase of naval vessels to operate from the port of Ilo on the South Pacific coast helping the country to develop for the first time in 130 years its maritime resources.