62 PM NETWORK MARCH 2017 WWW.PMI.ORG
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BY CATHERINE ELTON
Peru is forging a di;erent path forward. As one of the world’s largest mineral exporters, the South American country’s economy has long been at the mercy of volatile metal prices. High values powered a historic period of growth nearly 10 years ago, but a price collapse slowed Peru
to modest gains over the past three years.
To spark stronger and sustained growth, a new leader is pushing for
reforms to stoke project diversity and economic stability. Although some of
the country’s project growth was already percolating, President Pedro Pablo
Kuczynski—a former investment banker and World Bank economist who
took o;ce last year—aims to push Peru over the top by cutting government
red tape and creating new funding streams.
His plan includes spurring foreign investment and encouraging public-private partnerships (PPP) to drive an ambitious expansion of infrastructure projects over the next ;ve years. President Kuczynski insists that new
growth can deliver more equitable bene;ts than what the country has seen
in the past. Among other goals, he wants to launch a national project giving
the entire population access to drinking water by the end of his ;ve-year
term in 2021.
“I am optimistic that new projects are going to emerge across all sectors,”
says Luis Llaque, PMP, PgMP, PfMP, project management o;ce solution deliv-
ery lead, Newmont Mining, Lima, Peru. “;e new administration has shown
signs of possessing the political will to push projects in all sectors forward.” P H O T