Republic of South Peru Peru and North Peru reverted to being a single Republic of Peru. 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. Marshal Andrés de Santa Cruz promoted an ambitious project to reunite these two territories on the basis of a confederacy. This integration was based not only on historical, cultural and ethnic reasons, but also on sound economic motives. The union was trying to restore the ancient commercial routes and promote a policy of open markets. As
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