The Ministry of Foreign Trade and Tourism announced that the new measures to be introduced on March 1st will allow 125,000 people to resume their jobs in restaurants and around 260,000 tourism professionals to go back to work over the following six months.
The Bank for Development of Peru announced it was introducing a further 80 million soles ($21.94 million) as part of the Agricultural Business Support Fund. This fund aims to help small farmers affected by the pandemic by providing loans with a state guarantee between 95% and 98%.
The Spanish energy company Repsol announced that it intended to acquire 100% of La Pampilla's Refinery shares. The decision regarding the main fuel refinery in Peru will be made on 24 March at the shareholders' meeting.
During the Forum for the Progress of South America, Peru's President mentioned the importance of considering creating a multilateral insurance mechanism for joint negotiations over compensation in case of negative vaccine effects. Sagasti also stressed the need to strengthen the national health systems to control the virus in the region.
To respond to the rising price of copper, top producer Peru's Southern Copper plans to push forward new and pending projects, such as the $5.4 billion Chancas and Michiquillay projects. In addition, the firm is waiting for board's approval of a $1.35 billion smelter project in southern Peru.
The agrarian town of Chinchero and environmentalists, are in battle against corporations, government and even local municipality, over the construction of an international airport. This airport, set to open in 2025, would represent a shift from agriculture to the more profitable tourism. However, the town needs development of its water treatment system, electricity and roads.
Peru has become the first country in Latin America, to implement a national platform giving access to open data regarding the vaccination process. This tool represents transparency from the government to the public.
The construction and consultancy company Mace announced that it aims to increase its revenue by £1.3 billion in the next five years, by expanding into growth areas in North America, Sub-Saharan Africa, Asia Pacific, but also in Peru, and by focusing its operations on housing, pharmaceutical, infrastructure and data centre market.
The Ministry of Education of Peru and Google formed a partnership to promote digital education amongst students and teachers from public schools. With already 1.8 million active users, 7 million accounts will also be created on the Google Workspace for Education platforms to facilitate remote teaching and learning.
The government announced that the Nanay bridge, part of the road Bellavista-Santo Tomas, close to the Colombian border in Loreto region, is 63% complete. This 2.3 km-long project aims to improve the traffic conditions and integrate Iquitos with indigenous communities near the border. The infrastructure operations should finish in the final quarter of 2021 and will benefit 121,000 local people.