In 2023, it was confirmed that Peru was in an economic recession after registering falls in GDP for 2 consecutive quarters. However, organizations such as world Bank and the Central Reserve Bank of Peru (BCRP) predict that this new year the country’s economy will grow by at least 2.5% and 3%, respectively. For its part, […]
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MEF approves external debt with the IDB for US$350 million until 2038
The Ministry of Economy and Finance (MEF) approved an external debt operation with the Inter-American Development Bank (IDB) for up to US$350 million to partially finance the public investment project “Expansion and improvement of drinking water services and sewage of the city of Juliaca – Puno.” Supreme Decree No. 287-2023-EF also agrees to establish a […]
Peru is preparing a lithium refinery with a capacity of 100,000 tons per year
At an altitude of more than 4,500 m asl, in a region where the main economic activity—the alpaca livestock— has suffered the ravages of increasingly scarce demand, what will be the largest lithium refinery in South America and one of the most important in the world is being prepared, with a projected annual production of […]
Lithium: Falchani has 4 times more ‘white gold’ than previously believed, announces American Lithium
The company revealed that the most indicated measured resources in the Puno deposit grew to 5.53 million tons of lithium carbonate equivalent, 476% more than the previous estimate in 2019. Mineral is key to the global energy transition. Join the La República WhatsApp channel GO 🇻🇪 Price of the dollar today in Peru: what is […]
Falchani: EIAsd of the Macusani Yellowcake lithium project in Puno admitted for processing
The Falchani lithium project, located in the province of Carabaya, is unique and does not contain uranium. The EIAsd announced by Minem will allow Macusani Yellowcake, a subsidiary of the Canadian American Lithium, to bring its carbonate resources to proven reserves. Join the La República WhatsApp channel Price of the dollar today in Peru: what […]
Puno is one of the hardest hit by economic recession
After the Minister of Economy, Alex Contreras, admitted that the Peru is in recession, the regions are analyzing the situation of each of them. The president of the Chamber of Commerce and Production FistFrancisco Aquise, indicated that the highland region is the hardest hit by the economic recession. The most affected sectors are tourism, agriculture, […]
INEI: increase in the price of lemon was 105% in September
The increase in the price of lemon was 105% in the month of September. According to the National Institute of Statistics and Informatics (INEI)the fruit was the product that suffered the greatest increase in this period, followed by the yellow pepper, whose variation was 53.4% and the strong avocado, which increased by 24.7%. In the […]
Puno’s GDP collapses in two consecutive semesters
The Gross Domestic Product (GDP) of the Peru has experienced a decline of 0.5% in the first half of the year, according to the Institute of Economy and Business Development (Iedep) of the Lima Chamber of Commerce. In the regional panorama, Puno is in a critical situation and leads the decline at the national level. […]
Almost 40% of Peru’s gold production comes from informal mining
Informal mining produces 39.3% of the total gold production in Peru each year. This represents a total of 2 million 207 thousand ounces of the precious metal, which generates an economic movement of four billion dollars a year. This study was carried out by a consulting firm V & C on behalf of the National […]
Mexican consortium is no longer pursuing the Titicaca Wastewater Treatment Plants project
The head of the Ministry of Housing, Construction and Sanitation (MVCS), Hania Pérez de Cuéllar, announced that the Executive has terminated the contract with the Mexican consortium Titicaca Ecological Operator (OPETI) in charge of the Wastewater Treatment Plants project in the Titicaca Basin (WWTP-Titicaca). The official highlighted that the Executive made this decision due to […]