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Peru

New Storm Brewing in Peru as Boluarte’s Approval Hits Historic Low

In Peru, a storm is brewing as President Dina Boluarte's approval rating has sunk to an all-time low of just 5% This record dip comes...

Peru’s Sustained Trade Growth in Early 2024

In early 2024, Peru reported a $4.542 billion trade surplus, its 15th straight quarter of gains since late 2020. The Central Reserve Bank of Peru attributes this to a 6.6% growth in traditional product exports...

Fitch Reduces Petroperú’s Credit Amid Financial Difficulties

Fitch Ratings cut Petroperú's credit from 'B+' to 'CCC+', impacting its long-term default ratings and unsecured notes. Emerging from a specialized analysis for government-linked entities,...

Peru’s Cabinet Crisis: A Fresh Face in the Fight Against Corruption

In a key move, President Dina Boluarte of Peru appointed Juan Santiváñez Antúnez as...

Peru Launches Historic Irrigation Plan to Transform Highlands

Peru has unveiled its largest-ever agricultural irrigation plan, promising to transform the nation's highlands and boost agricultural productivity. Ángel Manero,...

Surge in Tourism Reflects Peru’s Post-Pandemic Recovery

Between January and April, Peru welcomed 1,016,618 international tourists, a 53.4% increase from the same period in 2023. This surge indicates significant progress toward pre-pandemic...

Peru’s President Boluarte Under Fire Amid Brother’s Arrest

Peru’s President Dina Boluarte faces intense scrutiny after the arrest of her brother, Nicanor Boluarte. Authorities accuse him of leading...

Economic Strain in Peru: The Dual Crisis of Rising Poverty and Falling Income

In 2023, Peru faced a deepening economic strain, evidenced by rising poverty levels and falling real incomes. Nearly 30% of...

Peruvian Exports Rise Steadily in Early 2024

In early 2024, Peruvian exports soared to $15.828 billion, reflecting a 3.5% rise from...

Peru’s Rise as a Blueberry Export Powerhouse

Peru's ascent to the global forefront of blueberry exports is an inspiring story of agricultural...

Modest Inflation Trends in Peru Through April 2024

As the first four months of 2024 unfolded, Peru experienced a modest inflation growth of 1.36%, with a minimal...