Peru Estimates that High Crime Costs $5 Billion Annually in Its Economy

Los Angeles Times

Independent Español

View article

Reposted by

Independent Español

Lean Left

Factuality

Ownership

The Peruvian government estimated for the first time that the annual cost of the growing criminality that plagues the South American country amounts to approximately $5 billion in the economy or 1.7 per cent of GDP, because it negatively affects investments, especially of small businesses, hit by a wave of extortions and murders.

Gestion

Factuality

Ownership

MEF approves issuance of bonds for S/ 1.356 million for 62 regional projectsPublic investment in Peru reached its highest level in the last 10 years as reported during the first half of 2025, the Ministry of Economy and Finance reported. According to the entity, the cumulative execution of the first six months of the year is 24.541 million soles. The amount annotated in June 2025 is greater by 9% than in January-June last year, which represented…