Peruvian president Pedro Pablo Kuczynski has promised that by the end of his term, Line 2 of Lima’s metro system will be extended by 35 kilometers of new tunnel.
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Peru’s exports of agricultural goods have experienced sustained growth, although the composition of those exports is changing to reflect new trends in demand.
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According to the National Ministry of Culture, the creative economy is currently responsible for 3% of GDP in Argentina, and employs 2.5% of the country’s workforce.
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As of now, consistent demand for grain has secured global prices.
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Partners are turning away from the Venezuelan oil giant, Petróleos de Venezuela or PDVSA, “as unpaid bills mount up.”
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Representatives from Legendarios Cigars have claimed that many cigars that are marketed as Cuban or Nicaraguan are really from the Dominican Republic.
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Several banking and financial service companies are looking into the possibility of establishing a local asset management service in Argentina; $16 billion could be returned to the country’s economy.
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Volkswagen, in hopes of expanding its market in Latin America, has recently decided to invest $7 billion Reis in Brazil until 2020.
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According to the World Economic Forum, women work on average 39 more days per year than men. Furthermore, a new report issued by the forum estimates that at the current pace, the economic gender gap will not close for 170 years.
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More saving is done through informal mechanisms. In Mexico 32% of the population saves informally, while 15% saves through formal methods like banks or other financial institutions.
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