Archive for January, 2013

Bonanzas, Booms, and . . . Busts. Will It Be Different This Time?

Bonanzas, Booms, and . . . Busts. Will It Be Different This Time?

By Paul Goulder ✐ Special to the Peruvian Times ☄ Now twelve years into Peru’s fourth great bonanza period and with plentiful finance to hand, is enough being done to prepare a truly balanced, inclusive and self-sustaining economy for the future? A keynote conference in November by an international specialist […]

Peru Dollar Loans Fall to All-Time Low

The percentage of dollar-denominated loans in Peru fell to an all-time low last year, a trend that many economists expect to continue as the local currency strengthens. The Central Bank said that at the end of 2012, 43.1 percent of Peruvian credit was in dollars, down from 44.6 percent in […]

Country Notes: Chinchero, the Airport in the Clouds

Country Notes: Chinchero, the Airport in the Clouds

By Nicholas Asheshov ✐ OP-ED Special to the Peruvian Times ☄ From some dusty official shelf, the burghers of Cusco have created a billion-dollar nightmare,  the Chinchero airport. Thousands of tourists travel every day across this patchwork kaleidoscope of thousands of rolling acres of ancient potato and quinoa fields and grazing land, with […]

Half a Million Peruvians Could Benefit from U.S. Immigration Reform

About half a million undocumented Peruvians living in the United States could benefit from immigration reform being pushed forward by President Barack Obama, according to Peruvian representatives in the Andean Parliament. Obama announced plans this week to change U.S. immigration laws, which would include providing an opportunity for some 11 million […]