18:00 PM CET, 23rd January 2014
Different regional paradigms have emerged in Latin America’s quest for sustainable and inclusive growth. With the Pacific Alliance capturing greater global attention, will it be able to meet the growth expectations of its members?
Enrique Peña Nieto President of Mexico
Manuel Santos President of Colombia
Felipe Larraín Minister of Finance of Chile
César Villanueva Prime Minister of Peru
The Peruvian Economy: Overview
In the period January-December 2011, Peru’s GDP increased by 6.9%, reflecting the optimum economic growth of Peru. In this way, and following the economic positive trend, the GDP over 2012 and 2013 is expected to reach 6% per year.
It is noteworthy to mention that, as of the end of 2011, Peru’s GDP reached a value of US$ 176.728 million; thus, Peruvian economy completed 10 years of continuous growth with rates above the Latin American average.
High Activity in Investments and Foreign Trade
Private investments increased by 11.7% during 2011, reaching a value close to US$ 35 million. The investment flows into Peru are expected to continue their expanding trend as a result of the investors’ confidence in the economic performance of the country.
Foreign capital flows continued their expansion, registering a total net foreign investments of US$ 7.548 million (21% of the total private investment value). This investment has been concentrated on mining, finances, communications, industry and energy, which reflects the growing strength of the country’s domestic market.
General Assembly of the United Nations
General Debate: 66th Session
21-24 and 26-30 September 2011
Theme of the general debate of the 66th session: “The role of mediation in the settlement of disputes by peaceful means.” How is the theme decided? Traditionally, the President of the General Assembly proposes to Member States an issue of global concern. After their approval, they are invited to comment on the theme during the general debate.
With the US and Europe continuing to face economic difficulties, Platts editors Richard Swann, James O’Connell and Ross McCracken focus on the unceasing growth, and thirst for commodities, of Asia’s financial powerhouse, China.
They analyse the vast demographic changes taking place within the nation; china’s worldwide drive to develop and acquire a vast array of coal, oil, and natural gas resources; and the long term factors that might dampen economic growth.
It’s the biggest economy in south east Asia and its manufacturing exports are even giving stiff competition to China. But Indonesia is also a world leader in some significant commodities. Jonathan Wheatley, deputy emerging markets editor, and Javier Blas, commodities editor, provide some context and analysis to an FT interview with Mari Pangestu, Indonesia’s minister of trade.