IADB to provide $469.8 million to finance public, private sector projects in 2011

The Inter-American Development Bank will provide $469.8 million in financing for Peru in 2011 for public and private sector projects, representative Fidel Jaramillo said. “Peru has experienced a decade of sustainable growth, stability and very significant social progress and the IADB has accompanied this process with a strategy that brings favorable results,” state new agency [...]

Anchiway residents take Perú LNG natural gas camp, claim gas pipeline likely to cause irreparable ecological damage

Residents of the Andean community of Anchiway, located in Peru’s south central Department of Ayacucho, have taken Perú LNG & Techint Co.’s gas camp, and are currently keeping more than 300 workers hostage. Local farmers have also blocked off food supply to the gas camp, and have threatened to cut off water and energy supply [...]

IADB estimates remittances to Peru to reach $3.5 billion in 2008

The Inter-American Development Bank has estimated that remittances to Peru will total $3.5 billion this year and increase to $4 billion in 2009, daily La República reported. The newspaper quoted the executive director of the Exxed consulting firm, Miguel Arbulú, saying that the projected total represents an increase over 2007, when Peruvians abroad sent $3 [...]