Spotlight on Peru
A New President—And Maturing Project Management Practices—Could Help the Country Reinvent Itself
Peru is forging a different path forward. As one of the world's largest mineral exporters, the South American country's economy has long been at the mercy of volatile metal prices. High values powered a historic period of growth nearly 10 years ago, but a price collapse slowed Peru to modest gains over the past three years. To spark stronger and sustained growth, a new leader is pushing for reforms to stoke project diversity and economic stability. Although some of the country's project growth was already percolating, President Pedro Pablo Kuczynskia former investment banker and World Bank economist who took office last year aims to push Peru over the top by cutting government red tape and creating new funding streams.