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Friday, November 2

Forbes / Reuters Peru minister warns: "We could quit": "The Peruvian state has signed more than 550 so-called contracts of juridical stability with local and foreign firms, the majority of which were drawn up under the auspices of privatization and are put to arbitration if disputes arise." This approach to attract investment is a reaction to Peru's long-standing habit of changing tax and regulatory statutes on a whim, with each new finance minister. Just as now, politicians feel it their obligation to challenge everything that came under Fujimori.

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