Peruvian regulator Osiptel has approved the country’s net neutrality regulation, following consultations over more than a year. Under the new rules, operators can not arbitrarily block or restrict access to certain applications, domains, IP addresses or services in order to favor the use of their own products. The regulation takes effect from 02 January 2017.

Osiptel said the rules establish the principles of freedom of access and equal treatment in the use of networks, as well as transparency in information to end-users. The regulation also covers traffic management by ISPs and what is allowed to preserve the security and integrity of networks.

Moody’s Investors Service Sovereign Risk Group Vice-President Jaime Reusche estimates the Peruvian economy will expand by 4% this year and 4.5% in 2017, surpassing International Monetary Fund (IMF) and World Bank Group (WBG) projections.

The International Monetary Fund (IMF) on Tuesday rose Peru’s economic growth projection from 3.3% to 3.7% for this year; while the World Bank Group raise its projection from previous 3.3% to 3.4%, although it affirmed that Latin America and the Caribbean will remain mired in recession with contraction of 0.9% this year.

Reusche claims that, according to the latest report on Peru and election results, GDP growth in real terms bottomed out in 2014 after a growth rate of 2.4% that year, reached a turning point at the beginning of 2015, and then saw a rebound to 3.3% last year.

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Peru’s economy grew 6.39 percent in December from a year earlier, the strongest rate of growth in two years, the government said. The country’s economy grew 3.2 percent in all of 2015, a figure that beat forecasts, according to the Andean nation’s statistics agency INEI. In December, economic activity was boosted by higher mining output thanks to the start of production at new copper mines.

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