Peru

Latin America set for tepid growth as Trump tariff threat looms, ECLAC says

bne IntelliNews December 19, 2024

Latin America and the Caribbean face another year of lacklustre economic performance, with growth projected at just 2.2 per cent in 2024 and 2.4 per cent in 2025, according to a report by ECLAC, which also warned of risks from potential US tariffs.

Murder exposes secret prostitution ring in Peruvian Congress

Alek Buttermann December 19, 2024

A shocking scandal has engulfed the Peruvian Congress, exposing a potential criminal network operating within the legislative body.

Latin America urged to boost tax take and private investment to close development gap

bne IntelliNews December 12, 2024

Latin American and Caribbean nations must radically strengthen tax collection and private sector involvement to bridge a $99bn annual sustainable financing gap, according to a new report from leading international organisations.

IMF: Breaking Latin America’s cycle of low growth and violence

Ilan Goldfajn and Rodrigo Valdés December 11, 2024

Violent crime and insecurity cost Latin America 3.4% of GDP annually, fueling a vicious cycle of low growth, emigration and instability. Breaking this requires bold reforms, stronger institutions and regional cooperation to tackle organised crime.

COMMENT: Trump’s White House picks signal rocky start with Latin America

Ricardo Martins in Utrecht December 9, 2024

Trump's return to power sets up a confrontational start with Latin America, threatening tariffs and strict border controls. Mexico pushes back firmly against US pressure, while China quietly expands its regional influence challenging US dominance.

Peru mining reform fails to stem surge in illegal gold trade and violence

Alek Buttermann December 4, 2024

Peru's mining sector is at a crossroads, with the Registro Integral de Formalización Minera (Reinfo) facing criticism for allegedly enabling illegal mining laundering.

Peru's APEC summit exposes trade tug-of-war between Beijing and Washington

Alek Buttermann November 18, 2024

The Asia-Pacific Economic Cooperation (APEC) summit in Lima, Peru, concluded amid geopolitical shifts, with major decisions highlighting the importance of the region in a rapidly changing global landscape.

Peru's Chancay megaport heralds a new era for Latin America’s trade

Alek Buttermann November 15, 2024

The inauguration of the Chancay Megaport in Peru marks a significant moment for regional trade, with the facility set to become South America’s largest commercial port.

Peru-China Belt and Road meeting paves way for future cooperation

Alek Buttermann November 11, 2024

The recent Peru-China Belt and Road Initiative (BRI) meeting held in Lima on November 8 marked a milestone in bilateral relations, with both nations laying out ambitious plans to expand economic and technological collaboration.

What would a Trump win mean for Latin America?

Marco Cacciati November 4, 2024

As the US braces for a closely fought presidential election on November 5, Latin America has particular cause for concern over a potential return of Donald Trump to the White House. We rounded up how the region could fare under a second Trump term.

LatAm faces two-speed recovery as Brazil outpaces Mexico in IMF outlook

bne intellinews October 23, 2024

Latin America and Caribbean economies are poised to grow 2.1% in 2024, exceeding July forecasts by 0.3 percentage points, the IMF's latest World Economic Outlook revealed. The revision showcases stark contrasts between the region's largest economies.

China’s economic takeover in Latin America sparks opportunities and concerns

Alek Buttermann October 17, 2024

In the last two decades, China has emerged as a key player in Latin America's economy, making strategic investments in infrastructure, energy, and telecommunications, transforming the region into an essential hub for its interests.

Peruvian TV star corruption probe uncovers Chechen links

Alek Buttermann September 25, 2024

Recent revelations have raised suspicions about a potential connection between Chechen authorities and a high-profile corruption investigation in Peru involving television host Andrés Hurtado.

AI uncovers over 300 new Nazca geoglyphs in Peru, revealing ancient mysteries

Alek Buttermann September 25, 2024

Researchers from Japan's Yamagata University have uncovered 303 new geoglyphs in Peru’s Nazca Desert, thanks to the use of artificial intelligence (AI).

Latin American dignitaries urge UN to suspend Russia over Ukraine war

bne IntelliNews September 24, 2024

A group of prominent Latin American former foreign ministers and human rights advocates has urged António Guterres, the UN Secretary-General, to suspend Russia from the UN General Assembly over its actions in Ukraine.

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