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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 »

Public pressures Lima mayor to account for spending with petition
Posted by Colin Post on Sep 10, 2016 Leave a comment

Public pressures Lima mayor to account for spending with petition

Lima mayor Luis Castañeda faces a public petition to answer over 100 questions on government spending in his administration. City alderman Hernan Nuñez on Aug. 17 launched a campaign to  Full Article »

Peru investigates overspending in Lima metro expansion
Posted by Colin Post on Aug 9, 2016 Leave a comment

Peru investigates overspending in Lima metro expansion

Peru’s comptroller has issued a report detailing problems with the construction of the second line of Lima’s Metro which could cost the state $156 million. Comptroller Edgar Alarcon gave a  Full Article »

Kuczynski outlines plan for Peru in inaugural address
Posted by Colin Post on Jul 29, 2016 1 comment

Kuczynski outlines plan for Peru in inaugural address

In his first Message to the Nation, President Pedro Pablo Kuczynski promised running water, infrastructure, improved education and healthcare and more. Kuczynski was sworn as president on Thursday by congressional  Full Article »

Stalled expansion risks Lima airport’s regional leadership
Posted by Colin Post on May 9, 2016 5 comments

Stalled expansion risks Lima airport’s regional leadership

The construction of a second runway delayed more than a decade threatens to relegate Lima’s airport to being one of South America’s secondary hubs. A contractual dispute between Peru’s government  Full Article »

Peru allows retirees to dissolve private pensions
Posted by Colin Post on Apr 16, 2016 1 comment

Peru allows retirees to dissolve private pensions

Peru’s Congress voted on Thursday to allow retirees to withdraw all of their private pension accounts in cash. By a vote of 84 to two, Congress overwhelmingly overrode a previous  Full Article »

Odebrecht bows out of Peru’s Southern Gas Pipeline
Posted by Colin Post on Apr 8, 2016 Leave a comment

Odebrecht bows out of Peru’s Southern Gas Pipeline

Brazilian firm Odebrecht will sell off interests in public contracts in Peru as the company faces mounting losses and a criminal investigation in Brazil. Odebrecht says it sold its 55% stake in  Full Article »

Bridge upgrade to reduce traffic 40% in Lima tourist district
Posted by Colin Post on Mar 24, 2016 Leave a comment

Bridge upgrade to reduce traffic 40% in Lima tourist district

The upscale Miraflores district of Lima inaugurated the newly widened Villena Rey bridge on Tuesday. The bridge connected the north and south sides of the Miraflores cliffs above the Bajada Balta  Full Article »

What would Veronika Mendoza do with Petroperu?
Posted by Colin Post on Feb 29, 2016 2 comments

What would Veronika Mendoza do with Petroperu?

A list of questions to leftist presidential candidate Veronika Mendoza about her ambiguous plans for Peru’s state oil firm, Petroperu. Polls show left-wing presidential candidate Veronika Mendoza commands 4% of the  Full Article »

Peru economy surges to finish 2015 with 3.3% GDP growth
Posted by Colin Post on Feb 15, 2016 1 comment

Peru economy surges to finish 2015 with 3.3% GDP growth

Increased copper and anchovy production drove Peru’s GDP growth in December to 6.39%, boosting annual growth to a higher-than-expected 3.26% to finish 2015. December’s GDP figure marked 77 months of  Full Article »