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Alfredo Thorne

Flooding in Peru: dozens dead, more calls to cancel Pan Am Games
Posted by Jack Dylan Cole on Mar 17, 2017 Leave a comment

Flooding in Peru: dozens dead, more calls to cancel Pan Am Games

More officials in Peru have joined calls to cancel the 2019’s Pan American Games in Lima in order to use hundreds of millions of dollars earmarked for sports facilities on relief efforts instead.  Full Article »

Region threatens strike over Peru’s new Machu Picchu airport
Posted by Colin Post on Jan 31, 2017 1 comment

Region threatens strike over Peru’s new Machu Picchu airport

Residents in Peru’s southern state of Cusco have threatened protests which could affect Machu Picchu tourism over the government’s delay in starting construction of the Chinchero airport. Peru’s government under  Full Article »

Peru scraps Southern Gas Pipeline contract in Odebrecht fallout
Posted by Colin Post on Jan 23, 2017 2 comments

Peru scraps Southern Gas Pipeline contract in Odebrecht fallout

Peru’s finance ministry has cancelled the contract to build the Southern Gas Pipeline after the consortium to build it missed a key financing deadline. The Southern Gas Pipeline consortium which  Full Article »

Peru government to battle opposition over sales-tax reform
Posted by Colin Post on Nov 11, 2016 Leave a comment

Peru government to battle opposition over sales-tax reform

Peru’s government has signaled that it will reject a law from the opposition-controlled Congress to ease terms of tax payment for small and medium-sized businesses. Congress on Thursday unanimously passed  Full Article »

Peru refinances govt debt with historic local-currency bond
Posted by Colin Post on Oct 5, 2016 Leave a comment

Peru refinances govt debt with historic local-currency bond

Peru has issued $3 billion in sol-denominated bonds in an operation which reduced its dollar-denominated debt and extend average due dates. Last Wednesday Peru’s finance ministry issued $3 billion of  Full Article »

Peru’s Congress gives Kuczynski government decree powers for 90 days
Posted by Jack Dylan Cole on Oct 1, 2016 1 comment

Peru’s Congress gives Kuczynski government decree powers for 90 days

Peru’s Congress on Thursday voted to give President Pedro Pablo Kuczynski’s government decree powers to enact laws to drive the economy and fight crime. The legislature gave Kuczynski’s government 90  Full Article »

Peru proposes increased budget to improve services, boost economy
Posted by Jack Dylan Cole on Sep 12, 2016 Leave a comment

Peru proposes increased budget to improve services, boost economy

Peru’s government has submitted a fiscal budget for 2017 which expands spending by 4.7% to drive economic growth and improve government services. Cabinet chief Fernando Zavala presented to Congress last week a budget featuring significant spending increases in government  Full Article »

Peru govt prepares for fight with Congress over tax cut
Posted by Colin Post on Sep 1, 2016 Leave a comment

Peru govt prepares for fight with Congress over tax cut

Peru’s government will include a controversial cut to the national sales tax in its request for decree powers from the opposition-controlled Congress. Peru’s newspapers on Monday reported that President Pedro  Full Article »

Peru’s formalization plan does not touch labor regulation
Posted by Colin Post on Aug 25, 2016 Leave a comment

Peru’s formalization plan does not touch labor regulation

Peru’s new finance minister outlined his plan to boost formalization in labor markets, which does not include changing the country’s rigid labor regulation. In his inaugural address, President Pedro Pablo  Full Article »

Peru President-elect Kuczynski’s new Cabinet ministers
Posted by Colin Post on Jul 17, 2016 1 comment

Peru President-elect Kuczynski’s new Cabinet ministers

President-elect Pedro Pablo Kuczynski unveiled the 19 Cabinet ministers who will lead his government on Friday. Kuczynski had confirmed last Sunday that former finance minister and beer company executive Fernando Zavala would  Full Article »