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  • Peru flood damage bill rises above US$3bn

    3/24/17
    Damage caused by floods resulting from the 'coastal'l El Niño weather phenomenon in Peru amounts to US$3.1bn, equivalent to 1.6% of the country's GDP. Damage to highways of nearly US$1.3bn accounts for 40% of the total while damage ...

  • Coastal El Niño hits Peru's economy

    3/21/17
    The El Niño Costero, or coastal El Niño weather phenomenon, which has so far caused 75 deaths and led to nearly 100,000 people losing their homes in Peru, could lower the country's GDP growth by up to 5%, according to a report by...