Archive for May, 2014

Humala Inaugurates Works on Talara Refinery Upgrade

Humala Inaugurates Works on Talara Refinery Upgrade

President Ollanta Humala kicked-off a multi-billion dollar project on Thursday that is to upgrade the Talara oil refinery on Peru’s north coast. Humala said the $3.5 billion project is part of the government’s strategy to strengthen energy security and improve environmental standards, state news agency Andina reported. He also said it would provide […]

Peru Sees Decline in FDI, But Investments Still Flowing

Peru saw a decline in foreign direct investments in 2013 compared to the previous year, but the Andean country still remains an attractive market for investors, according to the Economic Commission for Latin America and the Caribbean, Eclac. Eclac, a United Nations agency better known as Cepal in Latin America, said […]

International Analysis: The End of Poverty?

By Thomas Pogge — The Mark News — As United Nations officials struggle to define the development priorities of the next 15 years, the UN Millennium Campaign, the World Bank, and many other organs of the development industry tell us that we are nearing the end of poverty. Yet, well […]

Comptroller General Reviews Lifting Blockade on Ancash Accounts

Comptroller General Reviews Lifting Blockade on Ancash Accounts

Peru’s Comptroller General, Fuad Khoury, is evaluating the possibility of lifting a blockade on the bank accounts of the central Ancash region, which is roiling in corruption allegations. In April, the comptroller general requested that the Finance Ministry freeze the regional government’s accounts, on the grounds of alleged corruption and concerns about […]