Friday, March 05, 2004

The Big Picture: Reuters' Robin Emmott offers an overview of the country's fiscal condition. "Rising inflation, political uncertainty and sluggish internal demand could keep Peru's economy from meeting a growth target of 4 percent this year," according to analysts Jose Cerritelli (Bear Stearns), Enrique Alvarez (IdeaGlobal consultancy), Carola Sandy (Credit Suisse First Boston) as well as recent INEI statistics. The piece ends with the CGTP announcement of a nation-wide strike on March 11.

$Billions Still Not Found: Latinamerica Press states that a new report by the Office for the Repatriation of Illicit Money says that "[o]nly 5 percent of the money paid out in bribes and other forms of corruption during the government of former President Alberto Fujimori has been recovered." Inés Arias, executive secretary of the organization, said that more than US$10 billion was obtained illicitly" by the AFF government.

AG in Colombia: Associated Press and Reuters offer photographs of Attorney General Nelly Calderon's visit to Colombia where she "signed an agreement to speed up the judicial process between both countries, also to gather avidence for the case against Peruvian spymaster Vladimiro Montesinos, who is accused of allegedly organizing the sale of 10,000 assault rifles to leftist guerrillas." The Miami Herald offers a companion wire story (second piece) which focuses on AFF's extradiction and not on VM.

More Macro/Micron Econ:
- No Sale: BNAmericas and Reuters reports that ProInversion "suspended an $81 million auction of state shares in the country's biggest oil refinery, La Pampilla." 'The operation was suspended because "market conditions were not good." La Pampilla is majority owned by Spain's Repsol-YPF."
- Canada's DYNACOR Mines stated in a press release that their 2003 gold production "reached 10,984 ounces at the Acari processing plant ... 111% increase as compared to 2002" representing 5,194 ounces of gold. ARCHIVE: See Dynacor's December 2003 report on Acari.

The Winning Picture:
- Nene in Top 100: The Fédération Internationale de Football Association announced the FIFA 100 to mark their centennial, a list of history's best 100 players which includes Teofilo Cubillas.
- Eurosport reports on Luis Horna's win over Argentine Agustin Calleri in the first round of the Mexico Open, 7-6 (7-5) 6-4. Calleri beat Horna in the semi-finals of the Brazil Open last week. Reuters offers a photo of the winner. UPDATE: The BBC later noted that Luis Horna lost to Spain's Oscar Hernandez 6-7 6-2, 6-4. "

Tragedy: A wire story in an Australian newspaper and the German DPA relate the tragic and fatal accident between a cargo truck and a passenger bus in Arequipa. El Comercio also has a story on this.

The Rock: The Miami Herald runs a wire story and the Associated Press runs a photo of Cusco's 12-angled trapezoidal Incan rock which is being threatened by pollution and "tourists' sweaty palms." El Comercio includes the photo in a story and labels the photo from Reuters.

Aristide Believed In de Soto: Texas' Star Telegram runs an opinion piece on a two-year old interview with Jean-Bertrand Aristide and his belief that Hernando de Soto's " 'scientific' approach to economic development fit well with the human dimension [Aristide] stressed in his own writings." Said the exiled Haitian president: "I know the political will I have. We can make it happen."

Watching Macaws, IV: Grist Magazine continues with 'Day Four' of a trip to Puerto Maldonado and beyond. See 'Watching Macaws' in yesterday's Peruvia.

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