Peru’s International Investment Road Show Exceeds Expecations for this 2013

June, 2013 

A Peruvian road show aimed at attracting foreign investors has exceeded expectations, according to the president of the group that organized the international trip.

Jose Antonio Blanco, the head of inPeru, said that government and business leaders participating in the road show met with more than 1,000 business representatives while in Dubai, Abu Dhabi, Frankfurt and London.

“For the number and quality of the meetings that we’ve had… over the past six days, we can say that our expectations have been exceeded,” Blanco said in comments reportedby state news agency Andina. “We’re sure that we’ll start to see the fruits very soon.”

“We understand that various delegations are to visit us in Lima to learn more about the sectors that they are interested in,” he added.

InPeru was set up last year to promote Peru abroad as a joint public-private initiative, which includes high-ranking public officials and executives from some of Peru’s biggest businesses. Previous road shows have been held in the United States, Europe and Asia.

The group plans to travel to Japan and South Korea later this year for another chance at attracting investors to Peru.President Ollanta Humala has said last week that promoting investments in Peru is of “national interest.”

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Peru’s net international reserves total US$68.22 billion at May 28,2013

Peru’s net international reserves totaled US$ 66.1 billion at May 28, 2013, the Central Reserve Bank (BCR) has reported.

Lima's financial center. Photo: ANDINA / Héctor Vinces.

This amount of reserves is higher by US$ 2.1 billion with respect to 2012 year-end.

Likewise, BCR stressed the country’s reserves represent 33 percent of GDP. 

Furthermore, they are equivalent to more than 6 times the amount of the short-term external debt, and to 19 months of imports, better levels than the other countries in Latin America.

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PERU BECOMES THE EIGHTH RICHEST COUNTRY IN LATIN-AMERICA..!

Peru became the eighth richest country in Latin America, moving to ninth place in Colombia, according to an analysis of digital publishing Latinvex, based on new data from the International Monetary Fund (IMF).The publication, detailing the figures used Andina-parity purchasing power (PPP) of gross domestic product (GDP) per capita to measure wealth.

The worldwide known rating agency Fitch says, that Peru will maintain above 6% growth in the coming years..!

The Peru sustain its economic growth above 6 percent in coming years, the ratings agency Fitch Rating. "From the point of view of a rating look that Peru has a consistent macroeconomic management, responsible and promotes continued private investment. Believe that economic policy remains in that direction"

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WORLD ECONOMIC FORUM - PERU IS MODEL FOR LATIN-AMERICA

Peru, which has been one of Latin America’s fastest growing economies, is a source of inspiration for other nations in the region, according to the head of an economic forum taking place in the Andean nation this week.

The World Economic Forum on Latin America was inaugurated on April 24, with public sessions starting Wednesday and wrapping up on Thursday. More than 650 participants are attending the event, held at the city’s newest and tallest hotel, the Westin in the heart of the San Isidro financial district.

Prominent participants include Mexico’s President Enrique Peña-Nieto, World Bank chief economist for Latin America and the Caribbean, Augusto de la Torre, President RicardoMartinelli of Panama, and the Organization of American State’s secretary general, Jose Miguel Insulza. The theme of the conference is: Delivering Growth, Strengthening Societies.

“Peru is indicative of the promise of most Latin American nations,” said Marisol Argueta de Barillas, senior director and head for Latin America of the Switzerland-based World Economic Forum. “We hope the outcomes of the discussions at this meeting will be a source of inspiration to action that will continue to propel Latin America into an enduring success story, where economic growth may be invested in human capital and turned into a source of long-term development.”

Peruvian Premier Juan Jimenez said in a statement that the event  includes talks on “key issues” for Latin America and Peru. “We are fully committed to the development of our country; however, we are conscious that there is still a long way ahead of us. We are a country that promotes investment, and we know that the path to economic growth runs along the path of investment,” he said.

Peruvian Finance Minister added that despite the country’s strong growth in recent years, it still needs to improve competitiveness and productivity. “Peru faces a number of challenges to take advantage, fully, of its economic potential,” he said. “We will have ample discussions on these issues during this forum.”

The World Economic Forum on Latin America has previously been held in Brazil, Mexico and Colombia. This is the first time it has been held in Peru.

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WEF on Latin America puts Peru on the world map this April, 2013

This year's World Economic Forum on Latin America highlights the importance of Peru in international trade, Peruvian President Ollanta Humala said Tuesday.

Photo: ANDINA/Juan Carlos Guzmán.

"Attending the meeting will be the presidents of Mexico and Panama, more than 700 heads of international missions accredited in the country and over 50 finance ministers from around the world," Humala said ahead of the April 23-25 meeting in Lima.
The presidents of the Inter-American Development Bank and the World Bank will also be in attendance.
The forum was billed by Humala as a "high-level" gathering that puts the Peruvian capital among the main host cities for major events in the world.
"It is a source of pride for all Peruvians," the president said while inspecting construction works of the second section of the Lima Metro's Line 1.

Under the theme “Delivering Growth, Strengthening Societies”, regional and global leaders will discuss the opportunities and challenges that lie ahead to achieve the region’s full potential.

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PERU SEEN AS A GREAT OPPORTUNITY FOR INVESTMENT BY THE WORLD ECONOMIC FORUM. 2013

 Co-chair of the 2013 World Economic Forum on Latin America Arne Sorenson said this week that business people in the tourism sector are seeing Peru "as a great opportunity for investment."

World Economic Forum on Latin America 2013 is taking place in Lima, Peru. Photo: ANDINA/Oscar Farje

Sorenson noted that the growth projections for investment in Peru's tourism and hotel sector are highly influenced by economic growth and increased business activities in the country.
"We are glad to be in Peru and we find great investment opportunities here. When talking with our partners, they are very positive about the things that can be done here and we want to work with the Peruvian and Latin American industry," said Sorenson, who is president and CEO of Marriott International.
Marriott, one of the world's premier hospitality companies, has opened four hotels in Peru and plans to open 150 hotels in Latin America over a seven year period, he added.
The Marriott CEO participated in this week's World Economic Forum on Latin America as a speaker in the panel: Latin America in the Current Global Context.

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PROJECTS IN PERU ATTRACT CHINESE INVESTORS

Lima, (ANDINA). Chinese investors and entrepreneurs are interested in projects presented by Peru's private investment promotion agency Pro-Inversion at road shows in Beijing and Shanghai, China.

Photo: ANDINA/Prensa Presidencia

Pro-Inversion executive director, Javier Illescas, highlighted investment opportunities in Peru's transport, sanitation, energy and hydropower sectors.

He said that the Andean country gives equal opportunities to domestic and foreign investors.

"Invest in Peru: It Is Possible" road show begun in Beijing on April 8 with special attendance by Peruvian President Ollanta Humala who also participated in the second event, on April 9 in Shanghai.

"The road show in China and in the rest of Asia shows our commitment to responsible foreign investment,"

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