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Andean Group - October 2011 (ISSN 1741-4466)
An investor's haven
The government of President Ollanta Humala is eager to present itself as a safe bolt hole in a risky world and investors are responding. The first three months of President Humala’s term in office have brought a record US$3.6bn worth of investment pledges, according to the Inter American Development Bank (BID). But much of this is dependent on China’s continued growth – something which Economy Minister Luis Castilla says he prays for every night. However, China is not the only country eyeing up Peru. Brazil has been preparing the ground for an extensive investment package, as has Argentina. The top growth sectors are infrastructure and extractive industries.
- Morales suffers credibility crisis
- ECONOMIC OVERVIEW: BOLIVIA
- Three unconventional politicians dominate Bogotá race
- Keeping the vice-president occupied
- Is Colombia ready for the FTA with the US?
- Correa moots retirement
- Infrastructure spending fuels boom
- Peru renews ties with US through counternarcotics policy
- Rural development to open up local markets
- An investor's haven
- Stuck between two poles for 2012
- 'Just’ prices go up
- Colombian students to follow Chilean peers