Country Analysts

Roberto Abusada
Former Central Bank Director
Jose Valderrama
Former Central Bank Director

In The News


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Recent Country Insights

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A major victory for the President
PERU - Report 10 Dec 2018
Executive Summary Yesterday´s referendum President Martín Vizcarra promoted over four constitutional reforms has produced a resounding boost to his power. Voters did just what he asked, by a 4-to-1 margin: they supported the first three proposals and voted down the fourth. Together with the quest...

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Strong growth prospects, but politics could hamper business confidence
PERU - Forecast 12 Nov 2018
Executive Summary Strong recovery in H1 was mainly due to a favorable base effect, after the H1 2017 slowdown caused by the El Niño disasters. Though we expect growth of just 2.5% in Q3, growth should speed up in Q4, taking into account the start of the fishing season, and strong public investmen...

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Vizcarra gets his way
PERU - Report 11 Oct 2018
Executive Summary After gleaning that Congress was dragging its feet on his four proposed constitutional amendments, President Vizcarra addressed the nation on TV and accused the congressional majority of trying to modify them. The president implied that if his call for a referendum was delayed o...

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A new battle cry
PERU - Report 14 Sep 2018
Executive Summary The short-lived calm after Martín Vizcarra’s assumption of the presidency was shattered by the president’s bold July 28th Independence Day speech, in which he proposed controversial reforms to address the major ongoing judicial scandal. The president’s proposals include change i...

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Taking his case to the public
PERU - Report 01 Aug 2018
Executive Summary Massive judicial corruption unveiled via a barrage of audio tapes leaked to the press has given President Martín Vizcarra an opportunity to press for political reforms. The president has proposed an overhaul of the judicial system, a ban on reelection of members of Congress, and...

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Revelation of massive corruption in the Judiciary
PERU - In Brief 20 Jul 2018
The ongoing revelations of widespread corruption within Peru's justice system has ushered a major political crisis that has produced wide popular anger, and is likely to result in a major shake up within three key institutions: The Judiciary, the Attorney General’s office, and the National Counci...

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How long will the rebound last?
PERU - Forecast 02 Jul 2018
Executive Summary We expect growth in Q2 to be very strong, at just below 5% y/y, rising from the low base left by the crippling effects of El Niño and by the corruption scandals surrounding Brazilian construction firms last year. Domestic demand is also recovering powerfully, driven particularly...

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New Finance Minister
PERU - In Brief 07 Jun 2018
President Martin Villanueva has just announced that he has chosen Mr. Carlos Oliva as the new Minister of Finance. Mr. Oliva previously worked at this Ministry under Luis Miguel Castilla, who served as Finance Minister in the Humala Regime for three years, and as Vice Minister for the Budget (Hac...

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Minister of Finance Resigns
PERU - In Brief 04 Jun 2018 1 response
Minister of Finance David Tuesta resigned his post, apparently in protest for several conflicts with Prime Minister Villanueva and President Vizcarra regarding fiscal measures. Tuesta recently increased excise taxes on various products including fuels, tobacco, alcohol, sugared drinks, and automo...