Other political or pressure groups: leftist guerrilla groups include
Shining Path, Abimael GUZMAN Reynoso (imprisoned); Tupac Amaru
Revolutionary Movement, Nestor SERPA and Victor POLAY (imprisoned)
Member of: AG, CCC, ECLAC, FAO, G-11, G-15, G-19, G-24, G-77, GATT,
IADB, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF,
IMO, INMARSAT, INTELSAT, INTERPOL, IOC, IOM, ISO (correspondent), ITU,
LAES, LAIA, NAM, OAS, OPANAL, PCA, RG (suspended), UN, UNCTAD, UNESCO,
UNIDO, UPU, WCL, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in US: chief of mission: Ambassador Ricardo V. LUNA Mendoza chancery: 1700 Massachusetts Avenue NW, Washington, DC 20036 telephone: [1] (202) 833-9860 through 9869 FAX: [1] (202) 659-8124 consulate(s) general: Chicago, Houston, Los Angeles, Miami, New York, Paterson (New Jersey), and San Francisco
US diplomatic representation:
chief of mission: Ambassador Alvin P. ADAMS, Jr.
embassy: corner of Avenida Inca Garcilaso de la Vega and Avenida
Espana, Lima
mailing address: P. O. Box 1995, Lima 1; American Embassy (Lima), APO
AA 34031
telephone: [51] (14) 338000
FAX: [51] (14) 316682
Flag: three equal, vertical bands of red (hoist side), white, and red with the coat of arms centered in the white band; the coat of arms features a shield bearing a llama, cinchona tree (the source of quinine), and a yellow cornucopia spilling out gold coins, all framed by a green wreath
@Peru:Economy
Overview: The Peruvian economy has become increasingly market-oriented, with major privatizations completed in 1994 in the mining and telecommunications industries. In the 1980s the economy suffered from hyperinflation, declining per capita output, and mounting external debt. Peru was shut off from IMF and World Bank support in the mid-1980s because of its huge debt arrears. An austerity program implemented shortly after the FUJIMORI government took office in July 1990 contributed to a third consecutive yearly contraction of economic activity, but the slide came to a halt late that year, and in 1991 output rose 2.4%. After a burst of inflation as the austerity program eliminated government price subsidies, monthly price increases eased to the single-digit level and by December 1991 dropped to the lowest increase since mid-1987. Lima obtained a financial rescue package from multilateral lenders in September 1991, although it faced $14 billion in arrears on its external debt. By working with the IMF and World Bank on new financial conditions and arrangements, the government succeeded in ending its arrears by March 1993. In 1992, GDP had fallen by 2.8%, in part because a warmer-than-usual El Nino current resulted in a 30% drop in the fish catch, but the economy rebounded as strong foreign investment helped push growth to 6% in 1993 and 8.6% in 1994.
National product: GDP - purchasing power parity - $73.6 billion (1994 est.)
National product real growth rate: 8.6% (1994 est.)
National product per capita: $3,110 (1994 est.)