Rapid Growth, Hidden Risks: The how and why of due diligence in Peru
Historically overshadowed by higher profile neighbors to the north and east, Peru remains one of the least well-known markets in the Americas — although it boasts one of the highest growth economies there. Omitted from investment acronyms like BRICS and CIVETS, which made Brazil and Colombia international brand names, Peru’s economy has quietly averaged nearly 6.4% annual growth since 2002 and outpaced the regional average by roughly 2% every year since 2005.
Rapid growth can overwhelm new laws and still-fragile institutions, while exacerbating corruption. In light of today’s increasingly global anti-corruption mindset and strengthening regulatory enforcement, those entering new markets need a thorough understanding of the rules.