, FAO, G-15, G-24, G-77, IADB, IAEA, IBRD, ICAO, ICC,
ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO,
Interpol, IOC, IOM, ISO (correspondent), ITU, LAES, LAIA, Mercosur
(associate), MIGA, MINUSTAH, MONUC, NAM, OAS, ONUB, OPANAL, OPCW,
PCA, RG, UN, UNCTAD, UNESCO, UNIDO, UNMEE, UNMIL, UNOCI, UPU, WCL,
WCO, WFTU, WHO, WIPO, WMO, WToO, WTO

Diplomatic representation in the US:
chief of mission: Ambassador Eduardo FERRERO Costa
chancery: 1700 Massachusetts Avenue NW, Washington, DC 20036
consulate(s) general: Boston, Chicago, Denver, Houston, Los Angeles,
Miami, New York, Paterson (New Jersey), San Francisco, Washington
(DC)
FAX: [1] (202) 659-8124
telephone: [1] (202) 833-9860 through 9869

Diplomatic representation from the US:
chief of mission: Ambassador J. Curtis STRUBLE
embassy: Avenida La Encalada, Cuadra 17s/n, Surco, Lima 33
mailing address: P. O. Box 1995, Lima 1; American Embassy (Lima),
APO AA 34031-5000
telephone: [51] (1) 434-3000
FAX: [51] (1) 434-3037

Flag description:
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 vicuna, cinchona tree (the source of
quinine), and a yellow cornucopia spilling out gold coins, all
framed by a green wreath

Economy Peru

Economy - overview:
Peru's economy reflects its varied geography - an arid coastal
region, the Andes further inland, and tropical lands bordering
Colombia and Brazil. Abundant mineral resources are found in the
mountainous areas, and Peru's coastal waters provide excellent
fishing grounds. However, overdependence on minerals and metals
subjects the economy to fluctuations in world prices, and a lack of
infrastructure deters trade and investment. After several years of
inconsistent economic performance, the Peruvian economy was one of
the fastest growing in Latin America in 2002 and 2003, growing by 5%
and 4%, respectively, with the exchange rate stable and an annual
inflation lower than 2%. Foreign direct investment also was strong,
thanks to the ongoing Camisea natural gas pipeline project
(scheduled to begin operations in 2004) and investments in gold
mining. Risk premiums on Peruvian bonds on secondary markets reached
historically low levels in late 2003, reflecting investor optimism
and the government's fiscal restraint. Despite the strong