Peru is Shining Amid Latin America Woes
Peru is Shining Amid Latin America Woes
"Peru's rise has been among the best kept secrets in Latin America," highlights AS/COA’s Eric Farnsworth on the sidelines of the APEC 2016 summit.
Peru kicks off a major conference in the capital city of Lima on Thursday. President Obama and President Xi Jinping of China, among many other world leaders, are attending the Asia Pacific Economic Cooperation summit. The event comes just a year after Lima hosted the IMF's annual meeting.
Peru is currently Latin America's fastest growing country.
"Peru's rise has been among the best kept secrets in Latin America," Eric Farnsworth, vice president at Council of the Americas, told CNNMoney in an interview en route to Lima.
The country's new president, Pedro Pablo Kuczynski, won a tight election in June but his approval rating is a comfortable 55%.
More good news has come thanks to President-elect Donald Trump. His proposal to spend big on America's roads and bridges has driven up the price of copper, Peru's top export. Since the beginning of November, copper prices are already up 14%, a huge increase….
