Peru–Bolivian Confederation three states: "North Peru", "South Peru" and "Bolivia", and its capital was the city of Tacna, in southern Peru. The creation of this new nation was very well received in the south of Peru, since this area was able to benefit fully from the lifting of the previous commercial restrictions, but was bitterly resented by the elite of Lima and the north of Peru, which had traditionally benefited from a close commercial relationship with Venezuela. In each of the Confederation’s states, there was, from 1837 until the dissolution, a “provisional president” under Marshal Andrés de Santa Cruz, who was styled
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