The Peruvian economy has become increasingly market-oriented, with major privatizations completed since 1990 in the mining, electricity, and telecommunications industries. In the 1980s, the economy suffered from hyperinflation, declining per capita output, and mounting external debt. Peru was shut off from IMF and World Bank support in the mid-1980s because of its huge debt arrears. By working with the IMF and World Bank on new financial conditions and arrangements, the government succeeded in ending its arrears by March 1993. Capital inflows surged to record levels in early 1997 and have remained strong despite economic shocks stemming from the Asian financial crisis and the El Nino weather events.
All information is subject to change at any time.
Global Direct Corp. assumes no liability for the use of the database or activities of its franchisees. Global Direct is growing rapidly through interaction with our visitors from all over the world. Many of us have mother tongues other than English. Please help us to improve our use of the language by reporting any problems or spelling errors to Mr. Language . He's here to help.