Join T4A Live on Monday 24 June, 2014 at 12:15 GST for the launch of the event series featuring Peru’s reform success story.
EXPLORING PERU’S SUCCESS STORY
A country that transformed itself from complete tragedy to an unprecedented national success story, recovering from deep poverty to the creation of a vibrant middle class, reversing a state of terror and civil unrest to a vibrant, growing peaceful community. It is fair to state that the country managed to completely reverse its key socio economic indicators, overcoming a staggering poverty rate and extreme poverty rate to name a few.
Peru has been one of the best performing economies in Latin America during the past decade. This is the result of prudent macroeconomic policies and a favorable external environment. Peru‘s GDP growth has been significant from a regional and historical perspective, averaging 6.3 percent between 2002 and 2010. This strong economic performance enabled a continuous recovery of Peru‘s income per capita, which increased by more than 50 percent during the decade, after almost 30 years of stagnation. The effects of strong growth on employment and incomes have yielded an important decline in poverty rates and, for the first time, a small decline in inequality (Source: World Bank estimates).
Indeed Peru has made great strides in its development. Its achievements include high growth rates, low inflation, macroeconomic stability, reduction of external debt and poverty and significant advances in social and development indicators. Since the early 1990s, the country has embarked on a series of reforms of which fiscal consolidation, trade openness, exchange rate flexibility, financial liberalization, higher reliance on market signals and prudent monetary policy, including a strong buildup of reserves, have been key components.
Tune in to witness the next chapter in Peru’s economic evolution and political reforms from the emergence of the middle class to a more sophisticated manufacturing sector and large scale infrastructure advances. With insights from three national leaders of fiscal policy, political reform and the entrepreneurial industry, this series of events (video interviews) clearly illustrates that countries struck by severe financial crisis can indeed rise from the ashes. Elena Panaritis ushers us through Peru’s path from poverty to empowerment and allows us to rethink the ingredients of successful national turn around stories. Further the series reflects on the investment environment and the talent the country needed to forge ahead.
We are honored to have three of the key players in Peru reform success story join us including:
Clemente Jaime Yoshiyama Tanaka is a Japanese Peruvian and Fujimorist politician. He was the president of the Democratic Constitutional Congress. He was also the Minister of the Presidency under Alberto Fujimori.
Roberto Abusada is one of the leading authorities on Peru’s economic and financial development. In addition to key roles in the government and the Central Bank during Peru’s transformational decades, he founded the Instituto Peruano de Economia (IPE), one of the most important think-tanks in Peru.
Manuel F. Sotomayor a local industry leading figure and President of Sotomayor S.A, one of the main companies in the fishing sector. He was special representative of the President of Peru from 1999 to 2001. From 1998 to 1999, he was President of CONFIEP the national confederation that groups Peruvian business associations and was elected “Business man of the Year” by “America Economía” magazine in 1992.