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Peru’s Economy in 2023: A Brief Analysis

In 2023, Peru's economy encountered challenges, experiencing a 0.57% decline from January to November. Yet, November showed a 0.29% rise, suggesting a possible end to...

Peru’s Ex-President Faces 34-Year Sentence Request

In a new development in Peru, the Public Ministry has notably proposed a 34-year jail term for former President Pedro Castillo. He faces charges of...

Peru Shines in Global Copper Production Arena

In November, Peru cemented its position as the world's second-largest copper producer, trailing only Chile, which has long held the top spot. The Ministry of...

Peru’s Central Bank Cuts Key Interest Rate

On Thursday, Peru's Central Reserve Bank cut its benchmark interest rate to 6.50%, down 25 basis points from December's 6.75%. The bank's "Monetary Program January...

Peru’s Emergency Response to Ecuador Border Crisis

Peruvian President Dina Boluarte has declared a 60-day state of emergency in key northern areas bordering Ecuador and Colombia. This decision strengthens security and order...

Peruvian exports grow by 1.1% in Jan-Nov 2023

Peruvian exports reached $58.172 billion between January and November 2023, growing by 1.1% compared to the same period in 2022. The Ministry of Foreign Trade...

Peru Closes 58 Ports Due to Unusual Waves

Peru's authorities shut 58 ports in a new development due to odd wave patterns on the central and northern coasts. These waves vary from mild...

Peru’s Yearly Inflation Climbs to 3.41%

On Monday, the National Institute of Statistics and Informatics (INEI) reported that Peru's inflation rate reached 3.41% in 2023. This rate reflects the changes in...

Peru Discloses Banking Details of Former President Castillo

Peru's Judiciary decided on December 29 to reveal bank details linked to former President Pedro Castillo and two ex-ministers. This action responds to investigations into...

Peru Enhances Navy with Submarine Overhaul

SIMA Callao is finalizing the overhaul of the BAP Chipana submarine by early January and will soon begin dockside and sea trials to ensure...

Opinion: Peru’s Leadership in Disarray – A Call for Change

(Opinion) Peru's political landscape is in turmoil, with President Dina Boluarte's approval plummeting to a mere 9% and Congress sinking even lower at 5%. These...

Peru’s Recession Deepens Amid Political Chaos

Peru's economy has been contracting for six months, marking its longest recession in over two decades. In October, economic activity fell by 0.82% year-on-year, slightly...

Unlocking Fujimori: A Historic Court Verdict in Peru

Peru's Constitutional Court has ordered the immediate release of former President Alberto Fujimori, who was serving a 25-year sentence for crimes against humanity. The decision,...

Violent Raid on Peru Mine: Nine Fatalities, Multiple Injuries

A group of criminals launched a damaging attack on the "Poderosa" mine in Peru's La Libertad on Saturday, resulting in a tragic event. This assault...

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