SUM OF ALL PARTS

Peru 2015 | DIPLOMACY | FOCUS: REGIONAL PARTNERS

Peru is showcasing its regional prominence as a center for conferences and trade fairs. The conferences differ in size and scope, but the strategic importance remains the same: Peru has created a foothold for itself as it exerts its regional prowess and geographic significance.

Central and Latin American countries are at a unique place in their prospective histories and journeys. As they are forging their own paths and finding their own niches in the international arena, they are also looking inwards as they figure out how to comfortably coalesce and form partnerships and alliances that help turn them into individual power players and bolstering the region as whole.

Peru is an integral part of this mix, both geographically and politically. The country has worked for the last 25 years to turn a languishing economy into one that is stabilized and strong, and has emerged with a favorable business environment and has made great strides towards establishing and implementing transparent legal and economic frameworks.

A reward for these efforts came when it was announced that Lima would host one of the international development world's most important events: the 2015 Annual Meetings of the Boards of Governors of the World Bank Group (WBG) and the IMF.

TBY recently sat down with Christine Lagarde, Managing Director of the IMF (see interview, opposite), and discussed the significance of Lima hosting an event of such importance and with such a broad range of topics and leaders. “The representatives of the IMF's 188 member nations traveling to Lima are well aware of the issues facing Latin America. Among the most pressing is the need to develop new growth drivers now that the boom in global commodity markets has receded. This challenge can and will be met. But selecting the right path to renewed growth and prosperity requires a harnessing of the collective will and creativity of the people, and of the policymakers who serve them."

Regionally speaking, Peru is also hosting a number of other major conferences that are both internationally and regionally-focused. Conferences like these delve into issues that are vital to the survival of the individual nations and the health of the region, as many of the issues discussed will play integral parts in their futures. In June, forest experts from both the public and private sectors from 20 other Latin American countries met and discussed criteria and indicators (C&I) for sustainable forest management in the Amazon in Tarapoto, Peru. The event was part of a long series of regional workshops held globally—in Africa, Asia, and Latin America—and was organized by the UN Food and Agriculture Organization (FAO). The recommendations and initiatives that were produced will be the subjects of intense discussion at the 11th World Forestry Congress in South Africa in September.

2016 looks to be another banner year for Lima's event coordinators as well, as the UN Conference on Trade and Development is also heading to the capital. The meeting will be held parallel to the World Investment Forum and will be attracting power brokers from almost every nation and sector, further cementing Lima's growing competence to entertain major global discussion forums.