Viceroyalty of Peru Guayaquil and El Callao, but on 4 February he captured Valdivia, called at the time "The Key of the South Seas" and the "Gibraltar of the Pacific", due to its huge fortifications. However the viceroyalty managed to defend Chiloé Island until 1826. On September 8, 1820, the "Expedición Libertadora" of Peru, organized mainly by Argentinians and with some Peruvian and Chilean involvement, landed on the beach at Paracas Bay, near the city of Pisco, Peru. The army was under the command of José de San Martín. After fruitless negotiations with the viceroy, San Martín occupied the Peruvian capital of Lima
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