APRIL
28



According to INEI, 289,000 people managed to rise above poverty last year, leaving some 6.99 million people still living below the poverty line.

As in previous years, the decline in poverty was most evident in rural areas, where the poverty rate is far higher than in urban centers. Last year, the rural poverty rate fell to 46 percent from 48 percent in 2013, with the Andean highlands remaining the most poor of Peru's three geographical regions, which also include the coast and the Amazon rainforest. Just over 15 percent of the urban population was poor last year, according to the agency.

Economy & Trade

Peru's economy likely grew 1.5 percent in the first quarter from the same period a year ago as public and private investment remained weak, the country's finance minister said.

In a presentation to Congress late on Monday, Alonso Segura also reiterated that he expects the economy to grow by 4 percent in 2015.

Peru's Ministry of Economy and Finance (MEF) approved the hiring of credit rating agencies Fitch Ratings Limited and Standard & Poor's Rating Services to assess Peru's sovereign risk.
 

Peru's central bank said on Monday that it was lowering local currency bank reserve requirements to 7 percent from 7.5 percent starting in May, part its ongoing effort to boost economic growth and lending in soles.

The central bank has gradually lowered the reserve floor for deposits in soles from 30 percent in mid-2013.

Businesses from Andean nations of Bolivia, Colombia, Ecuador and Peru will be convened at the Forth Andean Business Meeting to be held April 29-30 in Santa Cruz, Bolivia in order to showcase the sub-regional bloc's exportable supply.
 

The Executive Power has requested to be granted legislative powers by Congress, in order to issue regulations on economic and administrative matters, a move which is considered "positive" and necessary to dynamize investments in our country, the Vice President of Latin Pacific Capital investment bank Emilio Zu�iga affirmed.
 


Mining & Energy


The Humala administration will continue boosting large mining, energy and infrastructure projects aimed at invigorating the country's economy, the President of the Council of Ministers Pedro Cateriano said today.
 



Peru continues taking big steps toward 66% renewable energy. A company of the French bank group BPCE, Natixis SA, granted US$ 254 million in loans to a Peruvian renewable energy developer for two wind projects in southern Peru, according to Bloomberg Business.
 


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Agriculture



In the last few years, Peru has seen triple digit growth and shipments in quinoa to markets abroad. Similarly, Bolivia has experienced massive growth in output of the ancient Andean grain so loved by the rest of the world.
 



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This coming Saturday our Embassy open its doors !
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Education


The State will carry out an important investment aimed at granting 21,000 scholarships to youngsters, Peru's Prime Minister Pedro Cateriano said.

Cateriano also highlighted the progress achieved in the field of education thanks to better-trained teachers, who receive wages according to their merits.


It is somewhat shocking to learn that Latin America has some of the worst education systems in the world. According to an article in the Christian Science Monitor Weekly, January 12, 2015, Teach for America has been aware of this problem ever since the PISA test scores made these deplorable rankings public. As a result there are now such programs as Teach for Mexico, Teach for Peru, Teach for Chile, and others.

Teach for America was created in 1990 by Wendy Kopp, a Princeton graduate, on the premise that what the public schools in ghetto neighborhoods needed were bright, young dedicated university graduates willing to teach and uplift the children of the poor.

Politics


Peruvian Congress gave a vote of confidence to the new ministerial Cabinet after several hours of debate following Prime Minister's speech on his administration's guidelines and government's general policy.
 

Diplomacy



The Peruvian Foreign Relations Minister, Ana Mar�a S�nchez, announced that the Schengen Visa should be eliminated for Peruvians in 2016, according to Per�21.

Things are moving "faster than expected" in the last two months and as the process continues to move quickly, the Minister expects positive results next year for Peruvians to travel to the Schengen region.

 




Science


Entomologist came across caterpillar with four filaments in south Peru. Creature rapidly extends 'tentacles' when it senses a loud noise. Strange behaviour is thought to be a defensive mechanism. Experts say it may be mimicking a flower or trying to scare a birds away. Watch the video!


Gastronomy



From the northern coast�s raw fish to Arequipa's haute-altitude cuisine, Peru has become the world's newest foodie destination. Check the visual gallery! 

Tourism



Don't be afraid, you won't get lost - even though we are going to explore a labyrinth of caves above Cusco. The site is called Lanlakuyuq, and we are eager to visit these caves because these special places represent a direct connection to Pachamama (Mother Earth).
 

Sports



Seven Peruvian athletes got their tickets to the 2015 Pan American Games to be held in Toronto.

 This was possible due to their successful participation at the Pan American Wrestling Championship 2015, held in Santiago (Chile) on April 24 - 26. 


Dakar 2016 organizers inspected Lima's oceanfront Costa Verde, located in the Magdalena del Mar district, from where participants will depart on January 3 and then cross Bolivia and reach the Argentine city of Rosario.
Miscellaneous



Residents of the Peruvian Amazon community nicknamed "Venice of the Jungle" live half the year on the water, with canoes replacing motorcycle taxis as the most popular form of transport. Teenagers swim in the same areas where they played soccer during the other six months of the year. 



There are some places in Peru visited solely because of reported UFO sightings; these are some of the most popular areas to do so.

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