Yungay, Peru (27 September 1962), the government ordered them to retract or face prison, and they fled the country. Citizens were forcibly prevented from speaking of an impending disaster. Eight years later the prediction came true. Caves Earthquake of 31 May 1970 Yungay, Peru Yungay is a town in the Ancash Region in north central Peru, South America. Yungay is located in the Callejón de Huaylas on Río Santa at an elevation of approximately 2,500 meters, 450 km north of Lima, the country's capital. East of the small town are the mountain ridges of snow-covered Cordillera Blanca, with Huascarán, Peru's highest mountain,
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