The 'Peru Day' Multisector Investment Forum to be held on 30-31 March will aim to strengthen the trade between Peru and the UK, as well as position Peru as an attractive and safe destination for British investment, by allowing project presentations and business opportunity evaluations. In the last 15 years, the UK invested $2,079 billion in Peruvian projects, mostly in the food, tourism and real estate sectors.
US Ambassador to Peru donated personal protective equipment for 30,000 members of the Peruvian National Police in order to protect from COVID-19 infections during the upcoming election. The equipment includes face masks, surgical gloves and alcohol-based hand sanitizers. This donation complements the $30 million aid already provided by the US for Peru to fight the virus.
Andean Telecom Partners Perú selected Nokia to be in charge with the deployment of neutral host digital infrastructure projects for fixed fibre-to-the-home (FTTH) and mobile (small cells) access in Peru. This telecom rollout responds to the rising demand for connectivity in the region that resulted from the COVID-19 pandemic context.
The Canadian gold mining company Dynacor announced that it was starting to expand its Peruvian plant Veta Dorada with a $1.8 million investment. The gold production capacity will be increased by 43%, going from 300 to 430 tons a day. As a result of this consequent expansion, the company expects its sales to rise and exceed the $150 million figure originally predicted for 2021.
Moody's Investors Service changed its evaluation of Peruvian banking system from negative to stable in response to the improved operating environment expected in the rest of 2021 and in 2022. Peruvian banks will indeed see their asset quality and profitability increase with the country's support packages and economic growth.
The generalisation of natural gas use generated over $100 million in savings for Peru and more specifically $36 million for Lima and Callao households only. The spread of natural gas use, supported by a cooperation between the private sector and the government, has been found to improve Peruvians' quality of life by 15%.
Peru's ancestral technique of water planting and harvesting that is being developed by the government, will reach a record of 16.69 million cubic meters that will benefit around 13,332 families of small farmers by improving their crops and livestock. This record volume represents a 70% increase from last year's figure.