Peru–Bolivian Confederation confederation and Orbegoso maintained only the presidency of the newly created "Nor-Peruvian" state. Marshal Andrés de Santa Cruz promoted a project to reunite the two territories on the basis of a confederacy. The Peru–Bolivian Confederation was a plan that attempted to reunite the "Alto Perú" (“Upper Peru”, now Bolivia) and "Bajo Perú" (“Lower Peru”, now simply Peru) into a single political and economic entity. This integration was based not only on historical, cultural and ethnic reasons, but also on economic motives. The union was attempting to restore the ancient commercial routes and promote a policy of open markets. In Peru,
Peru and the World Bank Peru and the World Bank The World Bank lists Peru as an ‘upper middle income’ country. The Peruvian government has been keen to follow the World Bank's policies for growth. As of September 2018 Peru has $485.44 million in outstanding loans with a mix of 19 different institutions and sectors.The policy reform undertaken by the Peruvian government with the assistance of the World Bank, has stimulated one of the fastest growing economies in Latin America. Peru averaged a growth rate of 6.1% from 2002 – 2013. In 2018, the Work Bank estimated that the Peruvian economy would have one of