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REGIONAL REPORTSOUTH AMERICA


necessary to stabilise the country’s finances. Local reports say corruption, high levels of unemployment and difficulties in implementing a truce with guerrilla groups prompted the protests. Among projects completed in 2019 in


Colombia is the El Paso solar park, which came online in April. With a capacity of 86.2MW, it is Colombia’s largest solar farm and accounts for 80 percent of the country’s total installed solar capacity, according to Enel Group. Peru has also seen its share of protests, namely


against the release of opposition leader Keiko Fujimori from prison in November 2019; she had been detained in connection with the Odebrecht corruption scandal. At the same time, approval ratings for


President Vizcarra were reported to have dropped steeply towards the end of 2019, an indication of increasing dissatisfaction among the general population – many of whom took to the streets to celebrate Fujimori’s release.


Economic backbone The backbone of Peru’s economy is natural mineral resources, specifically copper, as well as gold, zinc, iron, coal and natural gas, among others. But anti-mining protests by local residents


have delayed projects and last year prevented four mines – Cerro Verde, Las Bambas, Antapaccay and Constancia – from exporting copper concentrates for several weeks.


potential consequences of this power vacuum. The opposition hailed the development as a victory for democracy – but others, such as the leaders of Venezuela and Cuba, described it as a coup due to the influence of military pressure in the top-level resignations. According to Mackenzie, there


are currently “no great projects online” in Bolivia but mining is of particular importance for the country’s economy. The nation also exports natural


gas and could consider exporting electricity (generated from gas) instead in the future.


Regional uncertainty The rest of the region is also facing uncertainty due to various socioeconomic and political conflicts. The flare-ups in Ecuador, Chile and Bolivia have created a sense of apprehension, which is contagious – and the latest news from Colombia and Peru is not encouraging, said Alejandro Porrúa, director of Altius America. Anti-government protests in


Colombia are hampering the government’s tax, pension and labour reforms, which it says are


www.heavyliftpfi.com


Fracht in Africa


Burundi, Burkina Faso, Cameroon, Democratic Republic of Congo, Egypt, Ivory Coast, Kenya, Mauritius, Rwanda, Senegal, South Africa, Tanzania, Uganda and Zambia.


www.fracht.com frachtafrica@frachtag-bs.ch


January/February 2020


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