Peru Deepens Economic Model Through Legislative Powers, Deregulating Banking and Mining

1 report, 1 independent Updated Tue 00:00

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What happened

Some supportReported by 1 outlet

Legislative powers are being used to deepen the economic model in Peru, which includes the elimination of maximum caps on interest rates for bank loans. These powers are also being used to revive large-scale private investment, particularly involving major mining companies and their legal contracts. The Defensoría del Pueblo warns that removing interest rate caps could allow banks and microfinance institutions to charge very high rates to vulnerable sectors.

From internationalviewpoint.org

Why it matters

Some supportBrind's analysis of the reports

The legislative agenda aims to ensure the continuity and deepening of the economic model associated with the Fujimori administration. The revival of large-scale mining investment, supported by legal guarantees for investors, allows for the extraction of natural resources while potentially paying only meager taxes and royalties.

President-elect Keiko Fujimori proposes market liberalization of state assets in Peru, inheriting the economic doctrine shaped by Alberto Fujimori's policies.

From internationalviewpoint.org

Who's involved

Keiko FujimoriPeruvian politician leading the administration that is deepening the economic model.
PeruThe sovereign state where legislative powers are deepening the economic model.
Alberto FujimoriAlberto Fujimori, whose economic doctrine is being inherited and deepened by the current administration.