Government approves request for $400 mn contingent loan from the IDB

The Government issued a Supreme Decree approving the request for a contingent loan of $400 million from the Inter-American Development Bank (IDB). The contingent loan, to be used in case of natural or technological disaster, emergency situation or economic crisis, will be available to the Peruvian State for three years and will then be renewable for three additional years.

Peru to create 833,000 new jobs for tourism reactivation

Peru's Ministry of Foreign Trade and Tourism released its strategic plan for the tourism sector until 2023. As part of its objective to generate an economic movement of 370 million soles ($99.2 million) and attract 19.6 million domestic and over 1 million foreign visitors in the next three years, the Government aims to increase tourism employment by 19.6% with the creation of 833,000 new jobs.