Tag: Peru economy

RIO DE JANEIRO, BRAZIL - Lima’s famous Central restaurant, home to some of Peru’s most succulent cuisine and an earthy aroma that includes more than one hundred Andean spices and varieties of corn, recently closed its doors to the...
RIO DE JANEIRO, BRAZIL - (AFP) Peru's economy shrank in 2020 by its biggest margin in three decades on the back of a months-long lockdown to try to contain the coronavirus outbreak, the government said Monday, February 15th. The GDP...
RIO DE JANEIRO, BRAZIL - The Board of Directors of the Central Reserve Bank of Peru (BCR) decided to continue its expansionary monetary policy, maintaining the benchmark interest rate at 0.25% and implementing further liquidity injection operations. Year-on-year inflation increased...
RIO DE JANEIRO, BRAZIL -Peru’s copper production plunged 12.5% to 2.15 million tonnes in 2020, the country’s Energy and Mines Ministry said on Monday, February 8th, driven down by coronavirus-related restrictions that hammered output in the world’s second-largest producer...
By Daniel Martínez Garbuno RIO DE JANEIRO, BRAZIL - The Transport Commission of the Peruvian Congress approved a  bill that would allow the creation of a State carrier, called Línea Aérea de Bandera del Perú (LAPERU). Predictably, the private airline...
RIO DE JANEIRO, BRAZIL - While Peru has been proactive against the pandemic, the economic cost has been high. The country’s GDP declined by 40% in April 2020 due to lockdown measures and the state of emergency has had an...
RIO DE JANEIRO, BRAZIL - President Francisco Sagasti of Peru on Tuesday night, January 26th, announced a total lockdown of the capital and nine other regions following a significant increase in COVID cases, which he said had pushed hospitals...
RIO DE JANEIRO, BRAZIL - The economy of Peru, the world’s second largest copper producer, is expected to grow an annual average of 5.1% between 2021 and 2026, the economy ministry said on Monday, January 11th. The ministry held its...
RIO DE JANEIRO, BRAZIL - With oil and gas fields, and the 200,000 b/d North Peruvian oil pipeline, shut down repeatedly by social conflicts and a three-month lockdown, Peru's government is now focused on jumpstarting its economy, which is...

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