Peru–Spain relations Peru–Spain relations Peru–Spain relations are foreign relations between Peru and Spain. Both nations are members of the Organization of Ibero-American States and the United Nations. Peru and Spain share a long history since the arrival of the first Spanish conquistadores led by Francisco Pizarro in 1532. By 1534, Pizarro managed to overcome the Incan Empire and claimed the territory for Spain. In 1535, Spain founded the city of Lima which would become the seat of power and capital for the Viceroyalty of Peru which was created in 1542 and at its highest incorporated most of the South American nations. In
Economy of Peru and what Toledo described as a personal friendship with President Bush. He received lavish praise from the American president for his economic and domestic security policies. During a visit to Peru, Bush announced the establishment of an Andean Center of Excellence for Teacher Training, with a base in Peru, and a fellowship program to give Andean professionals access to education in information technology. In June 2002, the U.S. agreed to forgive $14 million of Peru's debt in exchange for a promise to invest $12 million in conservation projects. In September, Toledo secured a $300 million commitment from Bush to fund