Getulio Vargas Foundation: Peru has region’s best “economic climate”
May 20, 2009 by anniether · Leave a Comment
Peru has the region’s best “economic climate” in Latin America, according to a report published by Brazil’s Getulio Vargas Foundation, or FGV. According to the report, Latin America’s Economic Climate Index, or ECI, surged from 2.9 points in January to 3.6 points in April 2009. The jump, according to FGV economists, suggests that “rock bottom” [...]
Yura Cements to invest $500 million in Peru
February 17, 2009 by anniether · Leave a Comment
Driven by increased domestic demand and consumption of cement products, Yura Cements – owned and operated by the Peruvian Gloria Group – will push ahead with its 7-year, $500 million investment project for its operations in Peru. The Gloria Group, a conglomerate of Peruvian capitals geared toward the food sector, cement, pharmaceuticals, cardboard containers as [...]
Andean Development Fund approves $300 million loan for Peru-Brazil Transoceanic Highway
December 22, 2008 by anniether · Leave a Comment
The Andean Development Fund, CAF, approved a $300 million loan Monday to partially fund the completion of the Peru section of the Transoceanic Highway, a roadway project to connect Brazil’s Atlantic ports with the Pacific coast of Peru, said CAF Director Eleonora Silva Pardo. “(With this loan), the project, which is a pivotal element in [...]
US$741 million needed to finish Peru-Brazil Transoceanic Highway
November 13, 2008 by anniether · Leave a Comment
Approximately $741 million – which is about $200 million more than initially planned – will be needed to complete the Peru section of the Transoceanic Highway, a roadway project to connect Brazil’s Atlantic ports with the Pacific coast of Peru, Finance Minister Luis Valdivieso said Wednesday. Peruvian officials may directly provide additional funding for the [...]
Defense Minister denies claims of U.S. military presence
March 31, 2008 by Andean Air Mail & PERUVIAN TIMES · Leave a Comment
Defense Minister Ántero Flores-Aráoz denied claims made by opposition leader Ollanta Humala that personnel from the United States military are currently operating in Peru’s jungle region. Humala said Peruvian military sources told him that U.S. military personnel are operating in the country’s north-east Loreto Department, which shares a porous border with Ecuador, Brazil and Colombia, [...]
