More Filters
There were 1037 results found for:

All Regions and All Sectors

Analysis

Peru to expand capital markets through financial education and reduced regulation
OBG
plus

Despite solid economic growth and macroeconomic stability, the size and scope of Peru’s capital markets remain limited. As the IMF highlighted in July 2018, domestic capital markets remain shallow and illiquid, and the stock market’s capitalisation as a share of GDP has increased only marginally. High market concentration is partly to blame, and Peru needs to encourage broader participation…

Analysis

Lithium discovery positions Peru to capitalise on global demand
OBG
plus

While Canada-based Plateau Energy Metals’ Macusani uranium project near Puno is undergoing preliminary economic assessments, its lithium reserves, which were discovered unexpectedly in November 2017, are giving rise to interest in an area that could see Peru become a major player in the global lithium boom. Plateau Energy Metals began as a uranium exploration company and has grown its resources…

Analysis

Peru seeks to unlock investment in mining
OBG
plus

Peru boasts significant mining potential thanks to an abundance of geological resources and a competitive ecosystem that facilitates business. Furthermore, the sector is a key contributor to the broader economy. According to BBVA Research, in 2017 the mining industry accounted for 60% of total exports, 11% of private investment, 10% of GDP, 5% of tax revenues and 5% of the workforce, which…

Analysis

Peru targets investment in renewable energy
OBG
plus

As of May 2019 Peru maintained 14,900 MW of renewable energy generation capacity, based on a mix of contributions from hydroelectric, wind, biomass and solar facilities. Hydroelectric and wind provided 43% and 40%, respectively; biomass sourced a further 11.6%; and solar produced the remaining 5%. The country earned a reputation as a renewables pioneer in the region with the completion in 2012…

Analysis

Investment reinforces infrastructure development in Peru
OBG
plus

President Martín Vizcarra Cornejo pledged renewed infrastructure investment to drive economic growth and restore investor confidence. As such, the authorities are working to increase infrastructure spending from 4.5% of GDP in 2016 to 6% by 2021, with much of the momentum originating from the National Infrastructure Plan (Plan Nacional de Infraestructura, PNI) 2016-25, which estimated the…

Analysis

Peruvian exporters stand to benefit from new industrial park strategy and mega-projects
OBG
plus

While Peru offers a range of industrial parks, their competitiveness has been hindered by a lack of accompanying legislation and overall strategy. Although Law No. 28183 of March 2004 was promulgated in order to regulate and promote the development of industrial parks, it has not proved to be optimal in terms of achieving these objectives. “This law has not been effectively applied because…

Analysis

Retail in Peru grows on the back of diversified offerings and adjustment to changing demands
OBG
plus

Driven by the expansion of shopping malls, promotions and discount prices at supermarkets and pharmacies, and a growing middle class, Peru’s retail industry has lead growth in the Latin American market in recent years. According to consulting firm AT Kearney, between 2002 and 2015 Peru’s retail sector transitioned from a burgeoning market to one in which customers actively seek out organised…

Analysis

Airport upgrades to strengthen air travel in Peru
OBG
plus

The largest airport in Peru, Jorge Chávez International Airport, located in Lima, was voted the best airport in South America in the Skytrax World Airport Awards for 2019. In line with this growing recognition and to improve its services for an increasing number of travellers, the facility is undergoing a major expansion that will increase its size from 2m sq metres to 9m sq metres. After…

Analysis

Peruvian agriculture exporters look to new markets for fruit
OBG
plus

The strength of domestic agriculture relies on crop diversity, a harvest season that is the inverse of the northern hemisphere’s, and the fertile and well-irrigated coastal regions. As agricultural exports rise, they are becoming important contributors to GDP and major providers of job opportunities. By opening up to new global markets and diversifying yields, Peru is looking to lift the…

Analysis

Peru looks to diversify travel offerings with adventure tourism and new destinations in the north
OBG
plus

As visitor numbers at Machu Picchu reach saturation, Peru is working to attract travellers with offerings beyond its most-popular site. Indeed, the goal of the Peru Travel Mart industry fair in May 2019 is to strengthen the country’s position as an adventure and nature tourism destination, while driving the development of segments such as corporate meetings and events. “From a promotional…