Peru approved a loan agreement for up to 54 million euros with the German state bank KfW, in order to partially fund the programme of Promotion and Sustainable Management of Peru's forestry production. The debt will have to be repaid between June 2026 and December 2038.
The important activity in self-construction, private and public projects, boosted the construction sector in Peru to grow by 14.3% in February, compared to February of last year. Peruvians' budgeting habits changed with the pandemic and led to more investments in improving and repairing their homes. That is also why the internal cement consumption grew by 16% in the same month.
Industries related to Culture went from generating 13.4 billion soles ($3.57 bn) in 2010 to 18.6 billion soles ($4.97 bn) in 2018 thanks to copyright, according to Indecopi. This increase reinforces the importance of copyright in the protection and creation of Peruvian ideas' economic value. In addition, employment in the sector increased by 11% over the same period.
Peru's Government authorised the Ministry of Energy and Mines to transfer over 200 million soles ($52.8 mn) in order to finance works to develop the regions of Ayacucho, Apurímac, Cusco y Loreto.