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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’s billion-dollar gas pipeline in jeopardy
Posted by Colin Post on Dec 5, 2016 Leave a comment

Peru’s billion-dollar gas pipeline in jeopardy

The construction of Peru’s $7-billion Southern Gas Pipeline could be stalled indefinitely if Odebrecht cannot sell its majority stake in the project in the next month. If the consortium licensed  Full Article »

Las Bambas: four villages threaten to paralyze Peru’s largest copper mine
Posted by Colin Post on Oct 24, 2016 Leave a comment

Las Bambas: four villages threaten to paralyze Peru’s largest copper mine

The future of shipments from the Las Bambas copper mine hinge on whether four villages in Apurimac accept the government’s offer of a 45-day truce. Copper concentrate has not left  Full Article »

Peru VP meets Las Bambas protesters as production poised to stop
Posted by Colin Post on Oct 22, 2016 1 comment

Peru VP meets Las Bambas protesters as production poised to stop

Peru Vice President Martin Vizcarra meets with local leaders in an attempt to end a blockade in Apurimac which threatens to halt copper production at the Las Bambas mine. Vizcarra,  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 »

Oil troubles drag Peru’s economic growth below expectations
Posted by Colin Post on Aug 16, 2016 1 comment

Oil troubles drag Peru’s economic growth below expectations

Peru’s economic growth in 2016 is developing slightly lower than economists’ expectations due to a collapse in oil production and fishing. Peru’s statistical agency, INEI, released data showing the economy  Full Article »

Law may open foreign investment in Peru’s border regions
Posted by Colin Post on Aug 5, 2016 1 comment

Law may open foreign investment in Peru’s border regions

Legislators in Tacna and Tumbes are looking to attract hundreds of millions of dollars in investment by amending Peru’s Constitution to allow foreign capital into border regions. Article 71 of  Full Article »

Peru inflation slowly declining toward central bank’s target
Posted by Colin Post on Jun 2, 2016 Leave a comment

Peru inflation slowly declining toward central bank’s target

Inflation data in Peru showed prices in May picked up slightly since April but continued a downward trend with an annualized rate of 3.5%. Peru’s INEI statistical agency said that  Full Article »

Peru’s informal economy to persist for decades: report
Posted by Colin Post on May 10, 2016 2 comments

Peru’s informal economy to persist for decades: report

A new economic report predicts that Peru’s informal sector will remain a significant part of the national economy until at least 2050. Peru’s state planning agency published a report forecasting  Full Article »

Pacific Alliance trade pact aims to build regional value chains
Posted by Colin Post on May 3, 2016 1 comment

Pacific Alliance trade pact aims to build regional value chains

The Pacific Alliance free trade agreement eliminates member countries’ tariffs on 92% of imports and exports with the aim of developing regional value chains. The free trade agreement for the  Full Article »