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Today at the Washington DC headquarters of the International Monetary Fund, Peruvian Minister of Economy and Finance Alonso Segura officially announced that the Annual Meeting of the World Bank will take place in Lima, Peru this October. He was joined by President of the World Bank Jim Yong Kim; Managing Director of the IMF Christine Lagarde and the President of the Peruvian Central Bank, Julio Velarde. More: Fin. Minister: Peru to host the most important financial event of the year in October |
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Average citizens and entrepreneurs should be confident because our country's economy will grow by 4% this year despite the fact that the International Monetary Fund (IMF) reduced the growth estimation for Latin America, Peru's Minister of Economy and Finances, Alonso Segura affirmed.
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Throughout the latest 15 years, Peru's economic development has been "outstanding," since relevant economic growth rates were achieved, the President of the World Bank (WB) Jim Yong Kim said.
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The National Institute of Statistics and Informatics (INEI) confirmed Peruvian economy has expanded by 0.94% in February 2015, accumulating 67 consecutive months of growth.
In the current year, GDP's accumulated growth rate has reached 1.3%. In the last twelve month growth was up by 1.81%.
"February's growth has been driven by the domestic demand [...]," said the head of the National Institute of Statistics and Informatics, Alejandro Vilchez.
Additionally, he indicated the commerce sector grew by 3.35% in February, if compared to the same period last year. Retail sales expanded by 4.8% driven by the increase in the commercialization of pharmaceutical products, food and hardware articles.
According to INEI, the wholesale sales rose by 3.5% due to the acquisition of garment, computers, food and drinks.
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The Peruvian government has given Grupo Mexico controlledSouthern Copper the green light to expand the Toquepala mine, in Peru, at a cost of US$1.2 billion.
The mine's copper concentrator in the southern region of Tacna, will have to double its processing capacity from 60,000 to 120,000 tonnes/day.
Mining is vital to the economy of Peru, the world's third largest producer of copper and zinc, accounting for some 60 percent of its total exports.
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 BPZ Energy has failed to prove oil with its latest well on the Corvina field in block Z-1 offshore Peru. The company is reassessing its geologic model to analyze the impact of well tests on this part of the field. However, the CX15-9D well did intersect around 35 ft (11 m) of net gas pay in the upper Zoiros non-associated gas reservoir, where the 16X, 14D, and 21XD wells previously tested gas at rates of 20-40 MMcf/d.
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The Olmos irrigation and hydroelectric project is expected to create 50,000 direct and 100,000 indirect job opportunities resulting from a series of agro commercial and industrial activities to be implemented in the following years, Lambayeque region's Governor Humberto Acu�a announced. |
 The first round of countries have formalized the amounts of emissions their countries will reduce. A total of 28 countries including the European Union, Mexico, Switzerland, Norway, the United States, Russia and Gabon have submitted their commitments.
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Peru bolstered up its strategic alliance and cross-border integration with Brazil, during the meetings held between the Peruvian Ambassador to that country, Jorge Bayona, and authorities in the large South American nation. |
 Peru is confident that the ruling of the Inter-American Court of Human Rights with regard to the Chavin de Huantar case will be positive in terms of Peruvian interests, the State's representative to that institution, Juan Jimenez, said.
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 Peru's former Minister of Foreign Affairs, Eda Rivas Franchini, has been appointed as new Extraordinary and Plenipotentiary Ambassador to Italy, according to a Supreme Resolution published today in the official gazette El Peruano.
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Eating is an activity we all undertake more than once. It involves not only the fact of putting food into our mouths and letting our body do the rest, but it also entails a thinking process: what do we want to eat, what are we preparing today, how much time do I have for eating, will I eat healthy or not, etc. But let us concentrate on the first question - a question I myself make every day, at least three times a day. Often, I know exactly what kind of food I want, saycriollo, Asian or Indian, but other times, I am not quite sure about it except that I have and need to eat. This is when Caf� Caf� comes to mind as this is a place where you can find a wide variety, from salads to sandwiches, soups, pasta, pizzas, fish and meat dishes, light meals, hamburgers, paellas - the list goes on. |
The Regional Director for the Americas at the UN World Tourism Organization (UNWTO), Carlos Vogeler, today affirmed Peru is having remarkable place in the world's tourism industry due to its diversity and quality of products this sector has to offer.
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ArtReview sent a questionnaire to artists and curators exhibiting in and curating the various national pavilions of the 2015 Venice Biennale, the responses to which will be published daily in the lead-up to the Venice Biennale opening. Gilda Mantilla and Raimond Chaves are representing Peru. The pavilion is in the Arsenale. Read the answers. |
 After the Minister of Culture expressed indifference to the erasing of murals, the Ministry seeks to correct criticism.
Today, April 16, the Ministry of Culture announces the contest, "A diverse Peru in an interconnected world," inviting artists from all over the country to submit their ideas. One winner's idea will be chosen to be placed on an outer wall of the headquarters of the Organization of American States (OEI), in Lince.
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 The Ministry of Culture has managed to capture aerial photographs of Chan Chan archaeological site located in La Libertad region.The picture was made possible thanks to an unmanned aircraft, which flew over the site. This has enabled to catch a complete glimpse of the area.
The photographs will enable to be prepared to mitigate the effects, which may be caused by El Ni�o climate phenomenon this year.
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This week Peruvian films are breaking records and winning awards. From Asu Mare 2 ranking among world-wide hits such as "Fast and Furious 7" all the way to a film festival in France. The Peruvian film, "Viaje a Tombuct�" (Journey to Timbuktu), won the award for best feature film in the Festival of Peruvian Film in Paris, according to LaMula.pe. |
The 2016 edition of the Dakar Rally will kick off from Lima, Peru, organisers announced on Thursday. The Dakar organisers revealed the outline of the route for the 2016 event in Paris, which will not have any stages in Chile as the country has been affected by flooding. As a result, a new route from Peru to Argentina will be used. |
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Ubinas Volcano eruption in southwestern Peru caused heavy mudslides, monitored by country's Geological Institute of Mining and Metallurgy.
Click on the image and Watch the video!!!
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 THE US Secret Service has seized a huge haul of fake money as part of a joint operation with Peruvian authorities.
The agency intercepted $1.5million worth of notes and arrested four suspects, as a result of the sting.
Initially created in 1865 to combat the problem of counterfeit currency, the Secret Service posted a photo of the huge haul on to Twitter.
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