Cofide allocated additional $14.8 mn to support tourism and agricultural SMEs

Cofide, Peru's state-owned development bank, awarded a total of 54.9 million soles ($14.82 million) to the CMAC of Arequipa, Cusco, Huancayo and Piura, to support the tourism and agricultural sectors. Around 29.9 million soles ($8 million) and 25 million soles ($6.7 million) are respectively dedicated to the FAE-Tourism, the fund to support micro and small businesses in tourism, and the FAE-Agro, the fund for the agricultural sector.

Ministry of Culture launches call for proposals to finance projects with $7.88 mn

Peru's Ministry of Culture launched the annual call for Economic Stimuli for Culture, in order to finance its budget of 29.2 million soles ($7.88 mn), representing an 18% increase from that of 2020. Around 25 million soles ($6.7 mn), 2.92 million soles ($788,300) and 1.25 million soles ($337,500) will respectively be allocated to film and audiovisual activities, to performing, visual arts and music projects, and to recitals.

Fixed internet prices decreased by 68% in the past four years

The Supervisory Body for Private Investment in Telecommunications (Osiptel) reported that fixed internet prices had decreased by 68% in the past four years thanks to the increased competition. 75% of fixed internet users currently have internet speed between 15 Mbps and 100 Mbps, while 77% of them only had access to speeds of less than 15 Mbps three years ago. From 2015 to 2020, the average monthly subscription was reduced by 35.4%.