Spotlight of Peru

 

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 Kuczynski—a 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.

His plan includes spurring foreign investment and encouraging public-private partnerships (PPP) to drive an ambitious expansion of infrastructure projects over the next five years. President Kuczynski insists that new growth can deliver more equitable benefits than what the country has seen in the past. Among other goals, he wants to launch a national project giving the entire population access to drinking water by the end of his five-year term in 2021.

“I am optimistic that new projects are going to emerge across all sectors,” says Luis Llaque, PMP, PgMP, PfMP, project management office solution delivery lead, …

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