Peru is a major producer of copper and gold, as well as a prolific exporter of liquefied natural gas, seafood and agricultural products. In addition, it has significant oil and gas reserves, and is a major tourist destination, with some 4.5m tourists visiting annually. Many of these visitors flock to the country’s Incan archaeological sites, including Machu Picchu, Lima, Cusco, Arequipa, Lake Titicaca and the vast Amazonian region. Tourism brings in about $5bn in annual revenue, and the…
From The Report: Peru 2019
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Peru is a major producer and exporter of copper and gold, as well as a prolific exporter of liquefied natural gas, seafood and agricultural products. In addition, it is a popular tourist destination, with 4.5m tourists visiting annually, bringing in annual revenue of $5bn. On the whole, 2018 was considered a recovery year for the economy, with investment in mining increasing by 25% over the previous year. President Martín Cornejo Vizcarra also took office in 2018, which has calmed the political environment. The outlook for 2019 is positive, with more large-scale investment in infrastructure and mining ahead. As Lima prepares to host the Pan-American Games in July, there is optimism that it will restore Peru’s image of economic prosperity with an investor-friendly framework and political stability. This chapter contains a viewpoint with Martín Vizcarra Cornejo, President of Peru; and an interview with Néstor Popolizio, Minister of Foreign Affairs.