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Peru president meets IMF managing director to discuss global economic situation

Peru president meets IMF managing director to discuss global economic situationPeruvian President Ollanta Humala on Tuesday met with the Managing Director of the International Monetary Fund (IMF), Christine Lagarde, at the Government Palace in Lima.

During the meeting, they discussed the world economic situation, its impact on the region and the country, as well as the actions being undertaken by the government to bring the benefits of growth to all Peruvians.

"We have talked, exchanged views and received a very important view of what is happening in the world, in Latin America and in Peru in terms of economic policy, particularly in macroeconomic policies, and the need to implement and enforce the reforms we have initiated", said the head of State.

In this regard, President Humala said that our country has strengths and has built a macroeconomic, fiscal, and monetary policy that now allows us to address the global crisis.

"Peru is a country with an inflation rate within the expected parameters, it has a low unemployment rate and low debt compared to other countries in Latin America, and it maintains a strong public spending in millionaire infrastructure works that allows us to be optimistic about next year," he said.

President Humala also thanked the IMF for its support to bring the Annual Meetings of the Board of Governors of the International Monetary Fund and the World Bank to Lima next year. At these meetings, the governors are consulted and present the views of their countries on finance and global economy.

"Peru will do its best to ensure that next year's Annual Meetings of the International Monetary Fund and World Bank are held under the best conditions and we hope they serve as a space for reflection and debate on the economic prospects of the world," he said.

Lima, December 2nd, 2014.

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President Humala arrives in Rome to meet with Pope Francis

President Humala arrives in Rome to meet with Pope FrancisPeruvian President Ollanta Humala on Thursday arrived in Rome, Italy, to hold a meeting with Pope Francis at the Vatican.

Upon his arrival at Rome’s Ciampino International Airport at 04:00 hours Lima time (09:00 GMT), the Peruvian leader was welcomed by Monsignor Fernando Cica, representative of the Vatican’s Secretary of State.

On Friday, November 14, at 04:30 (09:30 GMT), President Humala will be received in audience by His Holiness Pope Francis in the Apostolic Palace in Vatican City.

Then, the head of State will hold talks with Secretary for Relations with States of the Holy See, Monsignor Dominique Mamberti.

The visit aims to reiterate an invitation to Pope Francis to make a visit to Peru, strengthen cooperation ties between the Peruvian state and the Catholic Church, and bring cordial greetings from the Peruvian people to His Holiness, among others.

It is worth noting that this 2014 will commemorate the 155 years of bilateral relations between Peru and the Vatican.

Rome, November 13th, 2014.

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Peru, China sign key agreements to strengthen strategic partnership

Peru, China sign key agreements to strengthen strategic partnership  The governments of Peru and China signed on Wednesday a number of key agreements aimed at strengthening the Comprehensive Strategic Partnership between the two countries.

Peruvian President Ollanta Humala and his Chinese counterpart Xi Jinping witnessed the signing ceremony held at the Great Hall of the People in Beijing, capital of China.

The documents signed are:

- A Memorandum of Understanding on Cooperation in Hydrocarbons, signed between the Ministry of Energy and Mines of Peru and the China National Petroleum Corporation.

- A Social Cooperation Agreement to boost cooperation in the mining and gas sector, signed between the Ministry of Energy and Mines of Peru and the China Minmetals Corporation.

- An Exchange of Notes concerning the donation of wheelchairs from China to Peru, between the Foreign Ministries of both countries.

- An Exchange of Notes concerning the "National Emergency Operations Center (COEN)" project, between the Foreign Ministries of both countries.

- An Economic and Technical Cooperation Agreement, through which the Chinese government donates 70 million yuan (US$ 11.5 million) to Peru, signed by the two countries’ Foreign Ministries.

- A Memorandum of Understanding for the establishment of a mechanism for strategic dialogue on economic cooperation between Peru and China; between the Foreign Ministry of Peru and the National Development and Reform Commission.

- A Memorandum of Understanding to create a trilateral working group for the bi-oceanic railway project between Peru and Brazil; between the Ministry of Transport of Peru, the Ministry of Transport of Brazil and the National Development and Reform Commission of China.

Beijing, November 12th, 2014.

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Peruvian president witnesses signing of "Moyobamba-Iquitos Transmission Line" construction contract

Peruvian president witnesses signing of Peruvian President Ollanta Humala witnessed the signing of the construction contract for the 220 Kv Moyobamba-Iquitos Transmission Line, which will improve energy supply and provide a better quality of life for people in our Amazon rainforest.

The 630km-long transmission line, which will require a $500 million investment, will enable the Iquitos Isolated Electrical System to be connected to Peru's national grid, the National Interconnected Electrical System (SEIN).

President Humala said that this type of investment should be consolidated in Peru. "We have to ensure an industrial use for this energy in order to create small industries to stimulate local markets in the towns of the Amazon rainforest and high Andean areas".

He also noted that there is political will of the Executive to get cheap power for the people. "This project will help bring down power rates in the region. We have to work to obtain a cheap energy and gas for Iquitos. For this reason, Petroperú is allowed to take their floating taps to break monopolies of bottled gas in the Amazon. We can no longer allow that a gas cylinder in Iquitos costs more than 40 soles. We have to work on this and apply the FISE program, this is the way to provide cheaper gas," said the president.

In that vein, he instructed the authorities of the Ministry of Energy and Mines to remove obstacles holding up pending electricity projects in order to create better development opportunities for young people in rural towns of the Peruvian Amazon.

Moreover, President Humala said that the construction of the 220 Kv Moyobamba-Iquitos Transmission Line will improve energy security; but our next goal is to achieve energy adequacy with which we can establish a map of regional energy integration in which Peru could export electricity to "our brother countries that need it."

Lima, October 6th, 2014.

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President Humala: "Investment in public-private partnerships has doubled"

President Humala: "The figures we've reached over the last two months show that we are recovering the average economic growth of the last eight years", Peruvian President Ollanta Humala said Friday.

In an interview with CNN, the Peruvian leader said that the proof of this is that investors are responding positively.

"So far this year we are doubling investments in public-private partnerships. Last year, we reached 5.5 billion soles and so far this year, we are already surpassing the 13 billion soles,” he said.

In order to strengthen the recovery of the economy, he noted that his administration has taken steps to streamline procedures and facilitate investment. For example, "a certificate of non-archaeological remains of the Ministry of Culture had no deadline in the past, now it takes an average of 25 days," he said.

Later, he stressed that Moody's credit rating for Peru stands at A. "Today in Latin America, along with Mexico and Chile, we have the highest category," he said.

Rejection of terrorism

Regarding the position of Peru in the war against terrorism, the head of the Peruvian state categorically rejected terrorist acts, "wherever it comes."

"Our solidarity with civilians being held as hostages, and with the ethnic and religious minorities who are abused by ideological issues," he said.

He called on the international community not to retreat a single step in the rejection of this type of aberrations, "which dress in mourning to all of us at the end."

New York, September 26th, 2014.

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