NEWS FLASH

AT YOUR FINGERTIPS: DIRECT ACCESS TO OUR GLOBAL PARTNERS...

Country Insights

Gsp report report thumbnail
Public applauds crackdown on the political class
PERU - Report 17 May 2019
All four Peruvian ex-presidents since 2001, a Lima ex-mayor and several regional governors are being investigated in relation to contributions from Brazilian construction firms. Prosecutors have secured information from such firms under arrangements providing immunity to their officials in return...

Gsp report forecast thumbnail
Navigating amid icebergs
PERU - Forecast 11 Apr 2019
We expect more modest growth in Q1, after a robust Q4 2018. Nor does Q2 look very promising, especially should the blockade of the road impeding Las Bambas mega copper mine operations persist. Las Bambas represents 20% of Peruvian copper production, and its paralysis could affect 1% of monthly GD...

Gsp in brief thumbnail
Ex-president Pedro Pablo Kuczynski jailed
PERU - In Brief 10 Apr 2019
Today a judge ordered the preliminary detention of the ex-president for a 10-day period after a prosecutor began investigating him on money laundering charges related to the financial services that his Miami based firm performed in two infrastructure projects (the Interoceanic Highway and the Olm...

Gsp in brief thumbnail
Vizcarra's new cabinet
PERU - In Brief 11 Mar 2019
A new cabinet was sworn in today after Premier Villanueva’s resignation.The new Premier is Salvador del Solar, who was Minister of Culture during Pedro Pablo Kuczynski’s tenure. Mr del Solar is an actor and film director, and is also a lawyer who studied international relations in the US. Seven n...

Gsp in brief thumbnail
Prime Minister Cesar Villanueva Resigns
PERU - In Brief 08 Mar 2019
President Martin Vizcarra accepted the resignation of the president of the council of ministers (also referred to as Premier or Prime Minister) Cesar Villanueva this afternoon. It is rumored that his resignation was prompted by Minister of Finance Carlos Oliva's disagreement on the way that a tru...

Gsp report report thumbnail
A president under pressure
PERU - Report 01 Mar 2019
The government has started to feel the brunt of increased demands for action in several public policy areas, intensified by an abnormal El Niño-driven rainy season that has demanded the special attention of most of the Cabinet. The idea that President Martin Vizcarra has made the fight against co...

Gsp report report thumbnail
Good growth momentum despite political chaos
PERU - Report 22 Jan 2019
Since winning ample public support in a fall showdown over judicial and political reform, President Martín Vizcarra has successfully positioned himself as Peru’s anti-corruption leader. The leaders of both major opposition parties, Fuerza Popular (FP) and APRA, are now under high-profile investig...

Gsp report report thumbnail
A major victory for the President
PERU - Report 10 Dec 2018
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 question dealing with j...

Gsp report forecast thumbnail
Strong growth prospects, but politics could hamper business confidence
PERU - Forecast 12 Nov 2018
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 investment. Under these con...

Gsp report report thumbnail
Vizcarra gets his way
PERU - Report 11 Oct 2018
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 or denied, he could...

Gsp report report thumbnail
A new battle cry
PERU - Report 14 Sep 2018
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 in the political re...

Gsp report report thumbnail
Taking his case to the public
PERU - Report 01 Aug 2018
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 reinstatement of ...

Gsp in brief thumbnail
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...

Gsp report forecast thumbnail
How long will the rebound last?
PERU - Forecast 02 Jul 2018
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 by a surge in min...

Gsp in brief thumbnail
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...