Country Profile
From The Report: Peru 2012
View in Online Reader
This chapter provides an overview of Peru’s geography, government, population, religion and climate, among other characteristics. It also features analyses on recent economic policies, social inequality and relations with China.
The section also includes interviews with President Ollanta Moisés Humala Tasso; Juan Manuel Santos, President of Colombia; and Rafael Roncagliolo, Minister of Foreign Affairs.
Articles from this Chapter
Steady progress: The past decade has brought a number of successful new policies
Steady progress: The past decade has brought a number of successful new policiesOBGplus
Following the fall of now-imprisoned former President Alberto Fujimori from power at the turn of the millennium, Peru has enjoyed over a decade of stable political and economic progress. Economic development, in particular, has been rapid, partly due to elevated global commodity prices, as well as the commercialisation of the giant Camisea natural gas field and the establishment of free trade agreements with a number of countries. Successful economic policies have combined with prudent fiscal…
Spreading the wealth: Social inclusion is playing a greater role in domestic policy-makingOBGplus
Following a campaign laden with promises of social inclusion, President Ollanta Humala’s administration has already begun fulfilling some of them. Having gained legislative approval to establish the Ministry of Development and Social Inclusion only weeks after taking office in August 2011, Humala turned his sights to renegotiating royalties derived from the country’s main economic growth driver, the mining sector, to fund social programmes. An assortment of other reforms, including a…
Spreading the wealth: Social inclusion is playing a greater role in domestic policy-makingOBGplus
Following a campaign laden with promises of social inclusion, President Ollanta Humala’s administration has already begun fulfilling some of them. Having gained legislative approval to establish the Ministry of Development and Social Inclusion only weeks after taking office in August 2011, Humala turned his sights to renegotiating royalties derived from the country’s main economic growth driver, the mining sector, to fund social programmes. An assortment of other reforms, including a…
OBG talks to President Ollanta Moisés Humala TassoOBGplus
Interview: President Ollanta Moisés Humala Tasso Investment in mining has increased since your election. How will you maintain this upward trend? OLLANTA MOISES HUMALA TASSO : From the first day I assumed the presidency, I have made it very clear that I will respect the commitments assumed by the country. We in government are aware that the social inclusion we offered to the Peruvian people during the election campaign must be sustained through economic growth, for which investment is fundamental.…
Regional integration: OBG talks to Juan Manuel Santos, President of ColombiaOBGplus
Interview: Juan Manuel Santos What measures are you taking to attract investors? JUAN MANUEL SANTOS: Economic, political and social stability are key factors in determining the investment climate. Clear legislation with stable regulations is equally important. Developing a favourable investment climate has been one of the most important public policy goals in Colombia over the last decade, and has been carried out by implementing tax incentives for investment, reducing paperwork, simplifying formalities,…
Regional integration: OBG talks to Juan Manuel Santos, President of ColombiaOBGplus
Interview: Juan Manuel Santos What measures are you taking to attract investors? JUAN MANUEL SANTOS: Economic, political and social stability are key factors in determining the investment climate. Clear legislation with stable regulations is equally important. Developing a favourable investment climate has been one of the most important public policy goals in Colombia over the last decade, and has been carried out by implementing tax incentives for investment, reducing paperwork, simplifying formalities,…
OBG talks to Rafael Roncagliolo, Minister of Foreign AffairsOBGplus
Interview: Rafael Roncagliolo What steps have been taken to develop the goal of a multilateral foreign policy? RAFAEL RONCAGLIOLO: This is an important moment for Latin America. This is evident when you see how the global economic crisis is affecting the world. Although we, too, are feeling the effects, we are in a better position to resist them. So it’s time not only for national development but for regional development and integration. President Ollanta Humala expressed this interest for joint…
OBG talks to Rafael Roncagliolo, Minister of Foreign AffairsOBGplus
Interview: Rafael Roncagliolo What steps have been taken to develop the goal of a multilateral foreign policy? RAFAEL RONCAGLIOLO: This is an important moment for Latin America. This is evident when you see how the global economic crisis is affecting the world. Although we, too, are feeling the effects, we are in a better position to resist them. So it’s time not only for national development but for regional development and integration. President Ollanta Humala expressed this interest for joint…
A successful partnership: Political and economic ties with China are stronger than everOBGplus
The 40th anniversary of the establishment of formal relations between the governments of China and Peru was marked in 2012, underlining a longstanding relationship that has become increasingly important as time has gone on. In recent years bilateral relations have grown significantly. Trade between the two countries has increased sharply in recent years, particularly since the signing of a free trade agreement (FTA) in 2009. Two-way trade reached an all-time high in 2011, when China overtook…
A successful partnership: Political and economic ties with China are stronger than everOBGplus
The 40th anniversary of the establishment of formal relations between the governments of China and Peru was marked in 2012, underlining a longstanding relationship that has become increasingly important as time has gone on. In recent years bilateral relations have grown significantly. Trade between the two countries has increased sharply in recent years, particularly since the signing of a free trade agreement (FTA) in 2009. Two-way trade reached an all-time high in 2011, when China overtook…
Party lines: A look at the major players in a fragmented political sceneOBGplus
In 1990 the Peruvian electorate veered away from well-established political parties and instead chose the relatively unknown Alberto Fujimori, campaigning under the banner of his newly formed Cambio 90, to be president. Now, more than a decade after democracy has been restored following the fall of Fujimori’s authoritarian regime, they are still in the process of rebuilding. Progress has been slow and inconsistent, with major political parties having varied degrees of success. The fractured…
Party lines: A look at the major players in a fragmented political sceneOBGplus
In 1990 the Peruvian electorate veered away from well-established political parties and instead chose the relatively unknown Alberto Fujimori, campaigning under the banner of his newly formed Cambio 90, to be president. Now, more than a decade after democracy has been restored following the fall of Fujimori’s authoritarian regime, they are still in the process of rebuilding. Progress has been slow and inconsistent, with major political parties having varied degrees of success. The fractured…
