Floods are expected to cost the country 1.6 percent of GDP in 2017, but with low debt and high reserves, Peru’s in better shape than most to up its infrastructure spending.
“It will be hard for President Trump to dismiss President Kuczynski’s advice on building relationships with Latin America,” points out AS/COA’s Brian Winter
Peru’s president has a unique chance to show Trump how much the region has changed for the better.
From Brazil's presidential impeachment to Venezuela's tanking economy, Latin America's woes went beyond the U.S. election.
“[The Asia-Pacific leaders meeting] is a strategic shift that is in progress. There is real concern that the U.S. is withdrawing from its traditional role,” explains AS/COA’s Eric Farnsworth.
This is a huge moment for China to forge closer trade ties with Latin America in view of Trump's protectionist policies, points out AS/COA's Eric Farnsworth.
"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.