Next month in November 2024, business leaders and Government officials from across the globe will converge on Lima, Peru, to address the challenges and opportunities that will shape the future of the Asia-Pacific region. This gathering comes at a critical juncture, as the world sees rising fragmentation, protectionism and strong signs of a climate crisis. Peru, with its unique blend of biodiversity and economic dynamism, provides an ideal backdrop for such a vital dialogue. Given the importance of youth engagement even the TikTok CEO Shou Zi Chew is confirmed to attend alongside the leading bankers, WEF founder and APEC Executive Director amongst others.
Peru’s economic performance over the past few decades is a testament to the power of macroeconomic discipline and open trade. After an structural reform in early 90s, successive governments have implemented policies that have fostered stability and growth. Central to this transformation has been a commitment to sound fiscal management, which has kept inflation and our public debt ratio one of the lowest across the region. A diversified and ambitious FTA network has also been pivotal to our integration into the global economy. These policies have helped Peru maintain an average GDP growth rate of around 4% since the start of the century, lifting millions out of poverty and consolidating as one of Latin America’s most dynamic economies.
Read more here: https://www.foreignaffairs.com/why-are-global-leaders-converging-peru