President Alan García rolls out $3.2 billion emergency package to cushion Peru from global financial crisis

Peru President Alan García announced Monday an emergency $3.2 billion anti-crisis package, which includes measures such as increased spending on infrastructure, just weeks after he said Peru was quasi immune to the global financial downturn he referred to as a simple “growth crisis” that could be resolved within the next 18 months. In a press [...]

Peru and Chile to form binational commission to offset global financial crisis

Peru and Chile are to form a binational commission to examine and define measures and economic policies necessary to weather the global financial crisis, said Peru’s President Alan García. “We have the obligation to exchange our points of view and study, via a binational commission, the measures that will allow us to face this serious [...]