UN General Assembly
1958

After thousands of years of labour, Peru has succeeded in intensifying and extending the development of its natural resources, in building roads across its formidable mountainous regions, in bringing civilization to its Amazon valley and in undertaking projects of such magnitude as the iron and steel and the hydroelectric plant of the Santa. However, like other under-developed peoples, it needs the assistance of international development banks and private investors. Private investments are favoured in Peru by its system of free enterprise and its encouragement and non-discriminatory treatment of foreign capital under conditions that are the most liberal in Latin America,