July 15, 2023. In recent years, Peru has experienced fluctuations in its national production, reflecting the complexities of its economy. The report released by the National Institute of Statistics and Informatics (INEI) sheds light on the country’s economic performance in May 2023. Taking a perspective that emphasizes the importance of individual freedom, limited government intervention,…
July 13, 2023. The Ministry of Energy and Mines (MINEM) in Peru has reported a significant increase in national electricity production for the month of May 2023. According to the Ministry’s General Directorate of Electricity, the total electricity generation in the country reached 5,216 gigawatt-hours (GWh), marking a 5.9% growth compared to May 2022. The…
In recent times, Peru has witnessed notable developments across various sectors of its economy. The mining and hydrocarbons sector experienced substantial growth in May 2023, with a significant increase of 16.74% compared to the same month in 2022. Conversely, the fishing sector experienced a contraction of 70.60%, while the electricity subsector recorded a growth of…
On June 30, 2023, the Inter-American Development Bank (IDB) introduced a groundbreaking initiative called Amazonia Forever. This holistic umbrella program seeks to accelerate the sustainable, inclusive, and resilient development of the Amazon region through enhanced financing, knowledge sharing, and regional coordination. The program garnered support from the IDB’s governors representing Bolivia, Brazil, Colombia, Ecuador, Guyana,…
The recent monetary policy statement released by the Central Reserve Bank of Peru (BCRP) provides insights into the decision to maintain the reference rate at 7.75%. This article will analyze the text from an economic perspective that emphasizes individual freedom, free markets, and limited government intervention. It will discuss inflation trends, global factors influencing inflation,…