Peru

In October, the Banco Central de Reserva del Perú sold a total of US$2.59bn on the spot market to support the nuevo sol. This heavy intervention by the bank follows some US$2.01bn... 2008-11-03

President Alan García swore in his new cabinet on October 14 after accepting the resignation of his entire government last week, following a corruption scandal involving two cabinet... 2008-11-03

The leader of the Maoist guerrilla organisation Shining Path, Commander Artemio (also known as Comrade Artemio), seemed to have responded for the first time to diplomatic overtures... 2008-10-03

Headline inflation (according to Peru's Lima metropolitan price index) started to come down slightly in September to 6.2% y-o-y, from its ten-year high of 6.3% in August, as food... 2008-10-03

According to local press reports, Peruvian authorities seized a shipment of four metric tons of cocaine during a sting operation in Lima on September 5, with the drugs intended for... 2008-09-08

Peru's current account swung into deficit at the start of the year and widened to a staggering US$2.5bn during the first half of 2008, on the back of a shrinking merchandise trade... 2008-09-08

Notwithstanding the decline in global commodity prices and slowing money supply growth in Peru, inflation will remain high on the Banco Central de Reserva del Perú (BCRP)'s agenda... 2008-09-02

Given the recent depreciation of Latin American currencies against the dollar, we are hopeful that talk of loosening capital controls in Colombia could be the sign of things to come... 2008-09-01

The strong performance of the nuevo sol over the past few years has been reflective of Peru's rapidly improving macroeconomic fundamentals. Despite heightened exchange rate volatility... 2008-08-19

Peru's federal government is facing fierce opposition to its port privatisation programme, which seeks to raise private sector investment into expanding port facilities. Trade unions... 2008-07-31