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LatinNews Regional Monitor: Andean Group - 27 February 2019

Introduction

Last year the Peruvian government announced that it would be investing PEN18.5bn (US$5.5bn) in the Valle de los Ríos Apurímac, Ene y Mantaro (otherwise known as Vraem, the valley of the rivers Apurímac, Ene, and Mantaro) over a three-year period. The valley is the centre of much of Peru’s coca production, and the hope of the Devida (the National Commission for Development and Life without Drugs) is that this investment will encourage Peruvian coca growers to abandon the crop (which forms the base ingredient of cocaine) in favour of licit crops. In this February edition of Latin American Regional Report: Andean Group we begin by looking more closely at the government’s plan.

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