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☆ Peru has attracted a slew of foreign investors into its credit market. Here's why
▼ + stars: | 2024-10-08 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +5 min

Foreign investors now hold 39% of Peru's sovereign bond market holdings, the highest level across all emerging market countries. This underscores the increasingly positive sentiment surrounding the Peru's fixed income outlook. "It has recognized the need to provide international investors positive returns on domestic assets, and for central banks to be aligned with international investors and provide positive returns on domestic assets." "In some sense, the lack of a strong executive has led to better fixed income outcomes," Austerweil added. Dhawan also underscored that Peruvian fixed income is a high quality market for foreign investors.

Persons: Moody's, Dina Boluarte's, Pramol Dhawan, Pimco, Dhawan, David Austerweil, Soberano, Austerweil Organizations: Southern Copper Corp, Lawmakers, Peruvian, International Monetary Fund, Central Reserve Bank of, Bank of America, Mining Locations: Peru, Sol, Central Reserve Bank of Peru, America, U.S, Peruvian, China

☆ Global leaders react to Milei's Argentina victory
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +4 min

ARGENTINE PRESIDENT ALBERTO FERNANDEZ"I am a man of democracy, and I value nothing more than the popular verdict. I trust that tomorrow we can start working with Javier Milei to guarantee an orderly transition." FORMER ARGENTINA PRESIDENT MAURICIO MACRI"I congratulate Javier Milei for bravely representing the will to advance and prosper that lives in the hearts of Argentines. WHITE HOUSE NATIONAL SECURITY ADVISOR JAKE SULLIVAN"I congratulate Javier Milei on his election as president of Argentina and to the people of Argentina for holding free and fair elections. FORMER U.S. PRESIDENT DONALD TRUMP"Congratulations to Javier Milei on a great race for president of Argentina.

Persons: Javier Milei, ALBERTO FERNANDEZ, MAURICIO MACRI, JAKE SULLIVAN, DONALD TRUMP, ILAN GOLDFAJN, LUIZ INACIO LULA DA SILVA, SANTIAGO PENA, GUSTAVO PETRO, Milei, GABRIEL BORIC, Sergio Massa, LUIS LACALLE POU, DINA BOLUARTE'S, JAIR BOLSONARO, Javier Milei's, ARGENTINA DMITRY FEOKTISTOV, Brendan O'Boyle, Lidia Kelly, Chris Reese Organizations: ARGENTINE, IDB, PARAGUAYAN, America, URUGUAYAN, Thomson Locations: ARGENTINA, Argentina, Argentine, Colombia, Chile, Peru, Argentine Republic, South America, United States, Brazil, RUSSIAN, BRICS

☆ Peru foreign minister resigns following US visit controversy
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

Peruvian Foreign Affairs Minister Ana Cecilia Gervasi attends a news conference regarding the asylum that Mexico has granted to the family of former President Pedro Castillo, in Lima, Peru, December 20, 2022. Reuters/Sebastian Castaneda/File Photo Acquire Licensing RightsLIMA, Nov 6 (Reuters) - Peru's foreign minister Ana Cecilia Gervasi resigned on Monday after less than a year, amid questions over how she handled President Dina Boluarte's visit last week to the United States. Gervasi made no reference to Boluarte's U.S. trip in her resignation letter, which was seen by Reuters and other media. In his resignation letter, he cited Boluarte's trip, stating he had been "responsible for preparing" it. Gervasi held various positions in government prior to joining Boluarte's cabinet, including deputy foreign minister, and vice minister of foreign trade.

Persons: Ana Cecilia Gervasi, Pedro Castillo, Sebastian Castaneda, Dina Boluarte's, Gervasi, Joe Biden, Alberto Otarola, Gustavo Meza Cuadra, Boluarte, Biden, Jose Cueto, Castillo, Marco Aquino, Isabel Woodford, Christian Plumb, Alison Williams, Rosalba O'Brien Organizations: Peruvian Foreign Affairs, Reuters, Rights, Alliance for Economic Prosperity, Thomson Locations: Mexico, Lima , Peru, United States, U.S, Boluarte, Americas, Washington

☆ Peru protesters take to streets in new round of anti-government marches
▼ + stars: | 2023-07-19 | by ( Marco Aquino | ) www.reuters.com time to read: +3 min

LIMA, July 19 (Reuters) - Thousands of anti-government protesters took to the streets in Peru on Wednesday, part of a new round of marches organized by groups opposed to President Dina Boluarte's eight-month-old administration, as police deployed to guard government offices. Many Peruvians accuse Boluarte and her allies of illegitimately removing and jailing her leftist predecessor Pedro Castillo, which led to angry and sometimes violent protests through last March that claimed 67 lives. Some 24,000 police officers were deployed throughout the country, according to officials, as authorities braced for a so-called "third takeover of Lima." Ground transport officials said protesters blocked six highways by early afternoon on Wednesday, mostly in southern Arequipa and Cusco regions. Peru, the world's second-largest copper producer, could also face disruptions along its key mining corridor, where according to environmental groups, communities will support the protests.

Persons: Dina Boluarte's, Boluarte, Pedro Castillo, Roger Perez, Jorge Pizarro, Marco Aquino, Sarah Morland, Alexander Villegas, Will Dunham, Josie Kao Organizations: Local, Police, Congress, Thomson Locations: LIMA, Peru, Lima, Arequipa, Cusco, Huancavelica, Puno

☆ Peru's Boluarte calls protests 'threat to democracy,' key mining zones to back them
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] Demonstrators participate in a march called by Peru's General Workers Union against President Dina Boluarte's administration, in Lima, Peru, March 9, 2023. REUTERS/Alessandro Cinque/File PhotoLIMA, July 18 (Reuters) - Peru's President Dina Boluarte said on Tuesday that anti-government protests expected to begin this week are "a threat to democracy and the rule of law," seven months after the ousting of her predecessor launched months of deadly protests. Key mining areas in Peru are planning to support a new round of anti-government protests, said Jose de Echave, the head of environmental NGO CooperAccion, who added that groups of miners from the Andean country's key copper mining corridor are set to arrive in Lima. Peru's is the world's second-largest copper producer and its mining corridor in Condoroma, Cusco, is used by MMG's . Reporting by Marco Aquino; Writing by Sarah Morland; Editing by Alexander Villegas, William MacleanOur Standards: The Thomson Reuters Trust Principles.

Persons: Dina Boluarte's, Alessandro Cinque, LIMA, Dina Boluarte, Boluarte, Pedro Castillo, Jose de Echave, Peru's, Marco Aquino, Sarah Morland, Alexander Villegas, William Maclean Organizations: Peru's General Workers Union, REUTERS, HK, Thomson Locations: Lima , Peru, Peru, Lima, Condoroma, Cusco

☆ Poll shows most Peruvians believe economy worse under Boluarte
▼ + stars: | 2023-07-17 | by ( Marco Aquino | ) www.reuters.com time to read: +2 min

LIMA, July 17 (Reuters) - Most Peruvians believe their economic situation has worsened under their seven-month-old government, a survey showed on Monday, as protesters prepare to return to the streets. Some 54% of those polled said their current economic situation worsened in the last six months and 41% said it remained the same, in a survey conducted last week by local pollster CPI. 2 copper producer shrunk 1.43% year-on-year in May, a worse contraction than that expected by analysts and reversing a two-month growth spurt. Human rights groups have alleged security forces abused their powers against protesters and committed multiple extrajudicial killings during the unrest that left over 50 dead. The government has extended a state of emergency across key roadways, a measure that restricts civil liberties and allows security forces to maintain control of conflict zones.

Persons: Dina Boluarte's, Pedro Castillo, Boluarte, Castillo, Marco Aquino, Sarah Morland, Sandra Maler Organizations: CPI, Boluarte, Thomson Locations: LIMA, Lima, Peru's

☆ Chile assumes pro tempore presidency of Pacific Alliance
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] A general view shows the inauguration of the 14th Pacific Alliance Summit in Lima, Peru July 6, 2019. REUTERS/Guadalupe PardoMEXICO CITY, June 28 (Reuters) - Chile assumed the pro tempore presidency of the Pacific Alliance on Wednesday, according to a statement published by the group. The decision comes after Mexico refused to hand over the alliance's rotating presidency to Peru, amid an ongoing diplomatic spat between the Latin American nations. The Pacific Alliance trade bloc is composed of Chile, Colombia, Mexico and Peru. "We have always recognized Peru's right to exercise the pro tempore presidency... We have assumed the responsibility of acting as intermediaries to resolve this situation," Chile's Foreign Minister Alberto van Klaveren said in a press conference, adding his country will hold the presidency for a month.

Persons: Guadalupe Pardo, Andres Manuel Lopez Obrador, Dina Boluarte's, Pedro Castillo's, Alberto van Klaveren, Valentine Hilaire, Raul Cortes Fernandez, Natalia Ramos, Anthony Esposito, Steven Grattan Organizations: 14th Pacific Alliance Summit, REUTERS, Guadalupe Pardo MEXICO CITY, Pacific Alliance, Authorities, Thomson Locations: Lima , Peru, Guadalupe Pardo MEXICO, Chile, Mexico, Peru, Mexican, Colombia, American

☆ Chile assumes temporary presidency of Pacific Alliance after diplomatic spat
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] A general view shows the inauguration of the 14th Pacific Alliance Summit in Lima, Peru July 6, 2019. REUTERS/Guadalupe PardoMEXICO CITY/SANTIAGO/LIMA, June 28 (Reuters) - Chile temporarily took over leadership of Latin America's Pacific Alliance on Wednesday after a spat that saw Mexico refuse to hand over the rotating presidency of the trade bloc to Peru. A meeting of the Pacific Alliance trade bloc - composed of Chile, Colombia, Mexico and Peru - set to be held in Lima in December was postponed. Peru will assume the presidency on Aug. 1, the Peruvian foreign ministry confirmed on Twitter. "Authorities reaffirmed their commitment to the Pacific Alliance as a mechanism for political discussion and economic and commercial integration... which seeks to advance progressively towards the free movement of goods, services, capital and people," the statement added.

Persons: Guadalupe Pardo, Andres Manuel Lopez Obrador, Dina Boluarte's, Pedro Castillo, Alberto van Klaveren, Valentine Hilaire, Raul Cortes Fernandez, Natalia Ramos, Marco Aquino, Anthony Esposito, Steven Grattan, Rosalba O'Brien Organizations: 14th Pacific Alliance Summit, REUTERS, Guadalupe Pardo MEXICO CITY, Pacific Alliance, Twitter, Authorities, Thomson Locations: Lima , Peru, Guadalupe Pardo MEXICO, SANTIAGO, LIMA, Chile, Mexico, Peru, Mexican, Colombia, Lima, Peruvian, Mexico City, Santiago

☆ Peru announces $9 bln injection to boost economy amid protests
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

Private investment in Peru fell 0.5% last year, while it posted a 37.4% growth in 2021, according to economy ministry data. "The goal is for private investment to increase 3% this year," Contreras told the conference. Peru's economic growth stood at 2.68% at the end of 2022, a steep decline from the 13.61% climb recorded the year before. The International Monetary Fund (IMF) recommended Peru earlier in February to implement "targeted, temporary" fiscal stimulus given the slump in economic activity. Protests in Peru sparked after the ousting of Castillo, with demonstrators asking for President Dina Boluarte's resignation, the closure of Congress, a new Constitution and early elections.

☆ Peru mourns growing protester death toll, as govt seeks confidence vote
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Hours later, Jorge Angulo, head of the operational command of the national police, confirmed the death of one policeman who was in the vehicle. Castillo is serving 18 months of pre-trial detention while being investigated for "rebellion" after trying to close Congress, a charge he denies. Images from local media showed looting of businesses in Puno on Monday night and the region's Juliaca airport remained closed on Tuesday. Likewise, airport operations in the Andean region of Ayacucho remained suspended as a security measure. The Inter-American Commission on Human Rights has announced it will visit Peru this week from Wednesday to Friday to assess the situation.

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