LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

July 23, 2024

Will New Funding Help Spur Peru’s Digitalization?

Peru’s government said earlier this month that a German development bank will provide it with a credit to speed its digital transformation. // File Photo: Glenn Carstens-Peters via Unsplash.com.

Q

A

Ernesto Haikewitsch, executive director of Mazaltech Consulting in São Paulo: “Peru is embarking on an ambitious digital transformation journey, supported by a $325 million credit from Germany’s KfW Development Bank. This funding is crucial for enhancing connectivity, fostering innovation and improving public services. The comprehensive digital transformation strategy targets significant progress by 2030. The loan prioritizes key areas for investment. Expanding broadband infrastructure, especially in rural areas where Internet penetration rates are as low as 43 percent, is essential for connecting millions of Peruvians. Initiatives like ‘Internet para Todos’ aim to bridge the digital divide. The public sector is set for a complete overhaul, with streamlined services potentially saving businesses billions of dollars annually. The education sector can leverage online learning platforms to democratize access to knowledge, affecting millions of students. The financial services sector is expected to…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Director,
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Merike Blofield
Professor of Political Science,
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Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
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J.P. Morgan

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James R. Jones
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Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
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US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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