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Total investment as a percent of GDP in Peru is higher than in other advanced and industrialized economies such as South Korea and Vietnam, the Central Reserve Bank (BCR) of Peru's President, Julio Velarde, has said. |
Central Bank President Julio Velarde said that the monetary authority will have more space to implement monetary stimulus thanks to the drop in inflation in August.
The national statistics agency INEI said Monday that the consumer price index for Lima fell 0.09 percent in August, bringing the 12-month inflation rate to 2.69 percent. That is the first time this year that the annual inflation rate has been below the Central Bank's upper target of 3%.
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The BBVA Research estimates that Peru's gross domestic product for July was higher than the 0.3 percent recorded in June, boosted by a rebound in primary sectors.
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Peru plans to list Lima's state water company Sedapal on the stock exchange to foster private investments in sanitation, El Comercio newspaper reported.
"Just like we've done with electric power state companies, we will open Sedapal to private capital," economy minister Luis Castilla was quoted by El Comercio as saying.
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The Peruvian Minister of the Environment and President of COP20, Manuel Pulgar-Vidal together with the Prime Minister, Ana Jara, and Foreign Minister Gonzalo Guti�rrez, announced the achievements made and the next steps being taken in the organization of the Twentieth Conference of the Parties of the United Nations Framework Convention on Climate Change (COP20) (www.cop20.pe), which will take place in Lima from the 1st to the 12th of December this year.
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Peru's Environment Minister Manuel Pulgar-Vidal encouraged COP 20 parties to pay special attention when discussing climate financing as it is important to included in the draft text of the 2015 agreement to be signed in Paris, France. |
 Peru's Environment Minister Manuel Pulgar-Vidal encouraged COP 20 parties to pay special attention when discussing climate financing as it is important to included in the draft text of the 2015 agreement to be signed in Paris, France.
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 The Lima Climate Finance Week, an event held in preparation for the Lima Climate Change Conference in December 2014, sought to build a common understanding on climate finance and green investments, and strengthen linkages between different actors in order to scale up financial resources.
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 Peruvian economy is set to receive an estimated return of over US$ 120 million from the organization of the 20th Conference of the Parties (COP 20), following a government spending of US$ 90 million, Peru's Environment Ministry reported Tuesday.
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 Minera Gold has signed binding financing arrangements for US$5.5 million of funding to complete the proposed acquisition of the San Santiago gold-copper processing plant at Otapara, Peru.The mill will result in significant cost saving due to not having to pay US$1 million per annum in lease fees for its CIP gold circuit and additional earnings from toll treatment.
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 Eyeing Latin America's mining industry, Pune based centrifugal pumps and valves manufacturer Kirloskar Brothers (KBL) has signed an Memorandum of Understanding (MoU) with Peru's National Water Authority (ANA) help the water authority in the management of water resources in Peru. With this, KBL is foraying into Latin American market to tap the business opportunities. This will also help National Water Authority to manage the water resources required for mining activities in Peru.
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 La Paisana Jacinta loses prime-time slot but racism against indigenous people and African-Peruvians far from eradicated.
Peruvian comedy is brusque and rough-and-tumble, but few outsiders would be prepared for so many casual racial stereotypes paraded for cheap laughs.
One such caricature, La Paisana Jacinta, became so popular it got its own weekday prime-time show. Played by a man in drag wearing a wig with plaits, a prosthetic nose and with blacked out teeth, the personality is a parody of an Andean indigenous woman living in Peru's capital, Lima.
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 In May of 2014, many Peruvians were shocked when Carlos Bruce, Peruvian congressman, came out as gay. A larger than expected portion of the country�s population however cheered on his courageous act. Now, the first openly gay legislator in Peru's history, will help to inaugurate an event for members of the lesbian, gay, bisexual, transgender and intersex (LGBTI) community whom are political participants as well.
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 Typically, the downtown Cusco street Mantas is one of the more crowded roads as it can lead to the city�s Plaza de Armas. For the foreseeable future however it is likely to be under speculation.
Recently, new discoveries belonging to the Inca culture were found under the unassuming street. Public service workers, intending to perform typcial routines of repair or cable work, unearthed some great treasures.
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 The newly-appointed Peruvian ambassador to China, Juan Carlos Capu�ay, announced that both sides are trying to set up a meeting between President Ollanta Humala and his Chinese counterpart Xi Jinping at the 2014 APEC summit.
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Turning up at a smart destination restaurant with a large suitcase is always going to be awkward. What's more awkward is not being able to find the front door. I'm not sure who was more surprised, us or the kitchen porters, when we marched, suitcase in tow, through the kitchen door of Central, currently the hottest restaurant in Lima, Peru. Central is so discreet it doesn't even bother with a sign. But its dishes are the opposite, with plate after plate dazzling its mixed clientele of tourists and wealthy Lima residents.
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For those who held on strong to theories of extraterrestrial contact and interaction in the Sacred Valley, now there�s proof. The alien life form, better known as Alf, from the popular TV series of the same name, recently posted a selfie taken in front of the iconic Machu Picchu. On August 28th, Alf updated his current location on his Facebook page to say that he was in Cusco and uploaded the aforementioned photo. |
 Peru is set to attract tourism-based revenues up to US$ 45 million within the framework of the upcoming 20th Conference of the Parties (COP 20), the annual United Nations climate change conference.
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More than 40 elite level amateur cyclists from across Europe and several foreign countries have arrived to Cerro de Pasco, the city at the highest altitude in Peru, as part of the 4th edition of the impressive tour "The Andes Trail". |
 Under a new law designed to clear Peru�s already crowded jails of foreign inmates, Michaella McCollum Connolly and Melissa Reid could serve less time in jail than previously thought. And it�s not because Reid penned her sorrows and regret.
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