Peru’s Lame-Duck President in Last-Ditch Move for Redemption

Peru’s President Ollanta Humala will ask Congress for special powers this week to tackle an economic slowdown as one of Latin America’s least popular politicians makes a last-ditch attempt to salvage his administration.

Peru eyes tax reforms to spur growth: finance minister

(Reuters) - The government of Peruvian President Ollanta Humala is evaluating tax reforms to stimulate anemic economic growth and has not ruled out trimming the corporate tax rate from 30 percent, the finance minister said on Thursday.

Peru Economy to Grow Less Than Forecast 3.5%: Velarde

Peru’s economy will expand less than policy makers forecast this year, central bank President Julio Velarde said, after falling metal prices hurt investment.

Peru Dollar Bonds Rally After Moody’s Upgrades Rating

Peruvian dollar bonds rose the most in the Americas after Moody’s Investors Service lifted the nation’s credit rating by two levels, citing falling debt and reduced dependence on metal exports.

Peru's Humala says to boost social spending to avert conflicts

LIMA (Reuters) - President Ollanta Humala vowed on Saturday to ramp up social spending for the poor as he tries to spread the benefits of an economic boom to all Peruvians and defuse conflicts over mining that have marred his term.

Peru's Humala faces critical test to boost economy

LIMA, July 28 (Xinhua) -- Former military commander Ollanta Humala was inaugurated Thursday as Peru's new president amid concerns of whether he will stick to his election promises to enhance social inclusion through economic growth.

Analysts said Humala would have to move swiftly to start implementing profound social reforms and show Peruvians his resolution to fulfil election promises.