This is a source for analysis, interviews, and commentary on security in Latin America. Herein you will find rumors, the results of off the record interviews, and information you'll not find in international or United States news media.

Thursday, January 15, 2009

Peru, dollars, and China

Word has come through that Peru is talking about swapping out its local currency for dollars amidst negotiations for a major loan. But the most interesting aspect of this economic news is that the Peruvian government is talking to the United States and China.

The Peruvian Finance Minister, Luis Valdivieso, said Peru is looking for some US$ 9 billion in loans to help finance some $35 billion in development projects.

Considering the change of the Presidential guard next week and other issues around the world, the US might stall - or prolong - the negotiations in the face of increasingly drastic Peruvian need. It will be interesting to see if China bails out Peru, with a long-term strategic look at what Peru has to offer in return, apart from repaying the loan and what Garcia has already given China by way of mining concessions...

6 comments:

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Amount Needed:______________________
Loan Duration:_______________________
Cell Phone:_________________________
Monthly income:____________________
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Purva Sharegistry said...

Do you need a loan to consolidate your debt? Are you in need of a loan
to finance or expand your business? or for car purchase, buying a
house and other personal loans ETC we give long term loan for five to
fifty years maximum with 3% interest. You are 100% Guaranteed.
contact us via email reply to email (urgentloan22@gmail.com)
BORROWERS APPLICATION DETAILS:
Full Name:________________________
Country:_________________________
State:__________________________
Sex:____________________________
Date of Birth:______________________
Home Address:______________________
Amount Needed:______________________
Loan Duration:_______________________
Cell Phone:_________________________
Monthly income:____________________
Purpose for Loan:___________________
Occupation:_________________________

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