Peru receives Germany’s $7,2 mn contribution for forestry program

The Ministry of Economy and Finance accepted a non-reimbursable financial contribution granted by the German Development Bank (KfW), worth up to the sum of €6 million ($7,2 million), to partially finance the Promotion and Sustainable Management of the Forest Production in Peru investment program. According to Ministerial Resolution No. 145-2021-EF/52, published in the official newspaper El Peruano, the contribution … Continue reading Peru receives Germany’s $7,2 mn contribution for forestry program

Dominican Republic suspends imports from Colombia and Peru due to banana fungus

The Ministry of Agriculture from the Dominican Republic has adopted a series of preventive measures to protect local banana production from a fungus that affects countries in the region. This means it has suspended the importation of roots, tubers, rhizomes, or corms and planting material of Musaceae from countries affected by the Fusarium Foc TR4 fungus disease. Given the presence in Colombia and - recently - in Peru of the Fusarium TR4 fungus, phytosanitary surveillance in ports, airports, border posts and farms has been intensified.

Peru, U.S. agree to join efforts for modernization of forestry sector

The Governments of Peru and the United States signed a Memorandum of Understanding (MoU) that will enable the development of joint actions for the modernization of the Peruvian forestry sector. The aim is to  increase the impact and efficiency of initiatives aimed at combating illegality, strengthening forest governance and the relationship with the private sector. Around 60% of Peruvian territory is covered by forest but between 2001 and 2015 the country has lost more than 1.8 million hectares of forests, an average of 120,000 hectares per year.

Netherlands admits complaint against PlusPetrol for contamination of Lot 192 in Loreto

Authorities in the Netherlands have accepted a complaint against Argentinean-owned Pluspetrol for the environmental contamination that its operations have left in Peruvian Amazonian territories, as well as for tax avoidance practices. Pluspetrol will be investigated for "its negligence in carrying out due diligence on environmental and human rights issues" as well as its use of "structures and strategies for tax evasion", the Dutch foreign ministry said.

Peru election: Pedro Castillo to face Keiko Fujimori in run-off

A trade unionist will face the conservative heir of the powerful Fujimori family in Peru in a presidential run-off. Sunday's first round saw leftist Pedro Castillo, who has promised to write a new constitution and change de economic model, take the lead. His challenger will be the conservative Keiko Fujimori. Voters are concerned about the economy and the handling of the pandemic. With nearly 96% of the votes counted, Mr Castillo had 19% while Ms Fujimori was on 13%, according to Peru's electoral authority.

Peruvian Tourism Commission partners with the UK for Multisector Investment Forum

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.