Peru is a Newton Fund partner country. It is known as the Newton-Paulet Fund to celebrate the Peruvian scientist and inventor Pedro Paulet who is credited with building the first liquid-fuel rocket engine in 1895.
Peru has been one of the most prominent economic performers in Latin America in the last 25 years. The country is characterised by a remarkable cultural heritage and rich ethnic diversity. It’s complex and diverse geography holds wealth in natural resources and several spatial development challenges. Peru’s geography, natural endowments, and diverse population have shaped its unbalanced economic development. (World Bank, 2020)
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