Bolivia–Spain relations and Antonio José de Sucre entered Peru and defeated the Spanish forces in the country. Soon afterwards, troops led by Antonio José de Sucre entered Upper Peru and fought against royalist forces. By 1825, Upper Peru was free from Spanish authority. Originally, Bolívar wanted Upper Peru to join either Peru or Argentina, however, the people of Upper Peru convinced Bolívar and Sucre to give autonomy to the territory and on 6 August 1825, an Upper Peruvian congress declared the country independent and renamed the territory "Bolivia" in honor of Simón Bolívar and named its capital "Sucre" in honor of Antonio
Peru and the World Bank Cajamarca remains one of Peru’s poorest regions. 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