Economist Carolina Trivelli to be Named Minister of Social Inclusion – Report

Economist Carolina Trivelli is expected to be appointed to Peru’s newest ministry on Friday, according to daily La Republica. La Republica reported on Thursday that President Ollanta Humala will appoint Trivelli to lead the Ministry of Social Development and Inclusion. The formal creation of the ministry will be announced Friday during a decentralized cabinet meeting [...]

Central Bank lowers forecast for Peru GDP growth to 6.5 percent

Peru’s Central Bank has lowered its projection for the country’s economic growth this year to 6.5 percent from 7 percent. “We forecast that this year the national economy will grow 6.5 percent, as it also will in 2012 and 2013,” state news agency Andina reported Central Bank President Julio Velarde as saying. “This rate is [...]

World Bank: Next gov’t needs to maintain macroeconomic, fiscal policies to reduce poverty

The World Bank’s former director for Peru and other Andean nations, Felipe Jaramillo, called on the country’s next government to maintain macroeconomic and fiscal policies to reduce poverty. “While it’s true that there is still a big stretch to go, we want to highlight the achievements the country has made between 2000 and today, and [...]

World Bank approves $330 million loan to help Peru mitigate climate change

The World Bank Board of Executive Directors approved a $330 million loan Tuesday to help Peru’s recently created Environment Ministry improve and strengthen the environmental management of key sectors such as mining, urban transport and biodiversity conservation. “The World Bank has decided to support Peru resolutely in the implementation of environmental policies permitting sustainable development,” [...]