Ica, Peru Ica, Peru The city of Ica () (Quechua: "Ika") is the capital of the Ica Region in southern Peru. While the area was long inhabited by varying cultures of indigenous peoples, the Spanish "conquistador" Gerónimo Luis de Cabrera claimed its founding in 1563. As of 2005, it had an estimated population of over 219,856. The city suffered extensive damage and loss of life during the 2007 Peru earthquake. The city is located on the Ica River about 300 km to the south of Lima, along the desert coast of southern Peru. Further south along the Pan-American Highway lies the city
Economy of Peru and political stability, but it slowed again after the government delayed privatizations and as political uncertainty increased in 2000. President Alejandro Toledo has made investment promotion a priority of his government. While Peru was previously marked by terrorism, hyperinflation, and government intervention in the economy, the Government of Peru under former President Alberto Fujimori took the steps necessary to bring those problems under control. Democratic institutions, however, and especially the judiciary, remain weak. The Government of Peru's economic stabilization and liberalization program lowered trade barriers, eliminated restrictions on capital flows, and opened the economy to foreign investment, with the result