January 23, 2025 12:55 GMT
PERU: DP World Considering $1bn Investment In Peru, President Boluarte In Davos
PERU
- DP World is interested in investing $1bn to expand port infrastructure in Peru, according to a post from the country’s presidency on X. The news follows a meeting between President Boluarte and DP World CEO Sultan Ahmed Bin Sulayem in Davos yesterday. DP World’s CEO said that the potential investment would create jobs and boost agricultural exports. DP World operates the Callao port terminal in Peru, the country’s largest.
- President Boluarte also met with Newmont President and CEO Tom Palmer to discuss the expansion of the Yanacocha Sulfuros project in Peru that aims to develop sulfide deposits at the Yanacocha mine, the largest gold mine in the LatAm region. She also met with Panama's President Jose Raul Mulino to strengthen trade and fiscal ties between the two countries. Today, Boluarte and BCRP President President Julio Velarde are both due to speak at Davos.
- No macro data are due, with January CPI inflation figures expected on Feb 1, ahead of the next BCRP monetary policy meeting on Feb 13.
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