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
The Pacific Alliance comprised by Chile, Colombia, Mexico and Peru seeks to attract private capital for the infrastructure sector, under the modality of Public-Private Partnerships (P3s). They adopted the guiding principles of PPPs, which will help member countries to promote predictability, transparency, competition and integrity.
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.
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.
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.
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.
Peru's Health Ministry announced that the discussions with the Russian Fund for Direct Investments regarding 20 million Sputnik V vaccine doses from Gamaleya lab, were coming to an end.
The Commission of Peru's Promotion for Exports and Tourism introduced Peruvian and Japanese investors to a project portfolio worth over $120 million, mainly including investments in manufacturing, mining, high technology and renewable energy sectors. In the past 15 years, Japan has been responsible for 19 FDI projects in Peru, worth $370.8 million.
Peru's Ministry of Transport and Communications announced that it had selected France to take on construction works for the new Central Highway that will include four lanes, and 30 km-long tunnels. This partnership is based on a government-to-government model and will require an 11.57 billion sole ($3.1 billion) investment.
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.