Peru works on its own CBDC. This was announced this Wednesday by Julio Velarde, president of the Central Reserve Bank of Peru (BCRP). The banking authorities of the South American country work with the central banks of India, Hong Kong and other nations to achieve this goal.
Velarde made this…
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IDB grants loan to Peru for its tax reform
The Inter-American Development Bank (IDB) granted a loan of 500 million dollars to Peru to strengthen the sustainability of fiscal management and support the recovery of the Andean country.
The loan, which has a repayment term of 20 years…
China will continue in the Latin American export market
China will continue to be Latin America's main trading partner after the pandemic, according to a Coface report, which indicates that Latin American exports to the Asian giant are strongly concentrated in agri-food products in Argentina and…
Lima maintains the largest crypto operations in Peru
An analysis carried out by Chainalysis determined that Peru is the fourth Latin American country to be part of the top 20 in the world in terms of the use of cryptocurrencies.
On the other hand, the company Buda.com indicated that Lima,…
Government of Spain approves loans to entities in Costa Rica, Panama and Peru
The Council of Ministers approved this Tuesday in Spain the granting of loans from the Fund for the Promotion of Development (FONPRODE) for entities in Costa Rica, Panama and Peru for a total amount of 24.9 million euros.
Thus, the…
BBVA brings the “Aqua” card to Latin America
BBVA will take its Aqua card model to Mexico, where more than one million cards have already been issued since June, and also to Peru and Colombia, the institution reported in a statement.
The Aqua card is based on a dynamic CVV and the…
Pedro Castillo sworn in as president of Peru
The president of Peru, Pedro Castillo, took office underlining one of the objectives that he set during the electoral campaign, to achieve a new Constitution for the country. Although, he remarks, his government will do so "always within…
Peru installs the first seismic alarm aystem in Latin America
Peru has become a pioneer country in installing a Seismic Alarm Systems (SASPE) in the Latin American region. The national project, similar to the one installed in Japan and Mexico, represents an investment of 51 million 373 thousand 527…
Peru’s economy contracted again
Peru's national production registered a 0.98 % contraction during the month of January, after the positive variation of 0.51 % recorded in December 2020, according to data published by the National Institute of Statistics and Informatics…
Lima Group refused results of parliamentary elections in Venezuela
This Monday, December 7, the member countries of the Lima Group rejected through a joint statement the parliamentary elections carried out this Sunday by the National Electoral Council (CNE) in which the ruling party obtained the absolute…
Fintechs in Peru had a growth of 21 % in recent years
According to the Fintech 2020-2021 guide, prepared by EY Law, Fintech businesses in Peru registered an increase of 200 % since 2014, leading the Latin country to currently have 151 businesses dedicated to this trade.
As reported by Ljubica…
Peru issues decree of digital disconnection for remote workers
Teleworking became the work modality since the quarantine began due to the Covid-19 pandemic in the world. With this, many employees saw their workload increase due to the permanent connection through various electronic devices.
In order…