Tuesday, February 17, 2004

More P-PK & Cabinet: China's Xinhua News Agency catches up with the new Cabinet and notes that Jaime Quijandria and Carlos Bruce "were the only officials who constantly held ministerial positions through five cabinet reshuffles since the beginning of Toledo's administration in 2001." Dow Jones has P-PK making predictions including that "Peru's economy could expand by more than 5.0% this year ... We have wind in the sails with our exports," as reported by Canal N. Banco Wiese's Pablo Nano was also quoted. Bloomberg offers an audio interview with Pedro-Pablo Kuczynski and his "talks with reporters in Lima about his ministry's priorities, the outlook for increased government revenue in 2004 and tax regulation." The audio is in Spanish.
ALSO: The Associated Press offers several photographs including:
- AToledo with PPK
- AToledo and EKarp with new Health Minister Pilar Mazzetti.
- the new cabinet.
- fishermen shouting "slogans against Toledo" in Chorrillos.
Reuters offers several photographs including:
- the new cabinet
- AToledo and PP K.

P-PK Interview: Reuters gets an exclusive interview with Economy Minister-designate Pedro Pablo Kuczynski and quotes him saying "I really didn't want to [come back]." Reporter Jude Webber offers the conventional wisdom from Wall Street that "Kuczynski's designation is likely to be greeted with a sigh of relief." It also reminds that P-PK is "a keen squash player." His "one single challenge" in the new job: "To accelerate economic growth with a coherent fiscal policy and free trade agreements with the United States and then Europe and then APEC (Asia-Pacific Economic Cooperation), and creating more jobs."

Mining Challenges: The Washington Post does an investigative piece on the "discontent" in the Yanacocha mines of Cajamarca and uses it as a back drop for "a broader [debate] taking place across Peru." The mines have been successful in generating wealth but failures in generating jobs. "Peru's exports are projected to exceed $10 billion this year for the first time. Half of that revenue is derived from mining, which is growing at an average annual rate of 10 percent. ... But mining employs only 8,000 of Peru's 27 million people. ... Last year, mining companies paid $290 million in income taxes to the Peruvian government, 10 percent of the total income tax collected." Other items named in the article include Huambocancha, Cerro Quilish, and the anti-mining group Grufides.

Macro/Micro Econ: Reuters reports that Peru will auction off its shares in its biggest oil refinery, La Pampilla, according to ProInversion.

BolPeChi with no Pe: The BBC reports that "talks ease Chile-Bolivia tension" and that the two countries have "returned to the negotiating table" in Santiago.

JDF: The Financial Times reviews the Met's L'Italiana in Algeri and lauds Juan Diego Flórez' performance. "[T]he Peruvian tenor conquered every bel-canto hurdle with suavity, some nasal top tones notwithstanding, and exuded boyish charm in the process. Perhaps they should have called the opera Lindoro."

'Ricas Montanas': TIME Magazine runs an article on 'Eco-Tourism Without Tears" that includes the Cordillera Blanca.

More Thrips: The Associated Press offers an update on thrips in Vidalia onions, likely from Peru. For more background, see "Peruvian Onions Burned" in the Monday, Feb. 9 Peruvia.

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