*Peru’s finance minister, José Arista, has announced that President Dina Boluarte’s government has signed off on new government debt totalling US$640m. This consists of two credit arrangements with the Inter-American Development Bank (IDB) and the International Bank for Reconstruction and Development (IBRD), worth US$85m and US$55m respectively, and a further US$500m contingency loan from the IBRD. Arista said that the US$55m loan will be spent on improving the information services of the ministry for development and social inclusion, with the aim of “focusing resources where they are really needed”. The US$85m loan will be spent on improvements to six experiment stations belonging to the national institute for agrarian innovation (Inia). The contingency loan will boost the government’s ability to respond to unexpected events such as natural disasters, health emergencies, and financial crises.
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