This was probably the hottest week of our stay so far at 95ºF almost every day. On Tuesday, TechnoServe (TNS) celebrated its 30th anniversary in Peru. TNS employees from the Lima, Tocache, and Juanjui offices gathered in Tarapoto and enthusiastically participated in indoor as well as outdoor events despite of scorching weather. On the project side, this week my focus was on legal aspects related to construction and formalization of micro and small businesses in Peru – from name selection to license registry at a local municipality, different forms of corporations, various tax regimes, employee benefits to special permission requirements. I intend to include a stepwise summary of all these to help consultants understand basic requirements to start a business in Peru.

By the weekend we finally saw some rain. Saturday evening I attended a local event organized by school children to raise some money for an operation for one of their teachers. Sunday came to an end with a delicious dessert at Tito Jaime’s (TNS Deputy Project Director in San Martin) home. After dessert, Don gifted his new guitar to Tito’s son.

The Volunteer

Abhishek Kumar

Senior Portfolio Associate Newport Beach, California

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All Asset All Access, March 2017

Chris Brightman, chief investment officer of Research Affiliates, discusses the application of business-cycle models to investing; Michele Mazzoleni, head of macroeconomic research, assesses inflation potential under President Trump; and Rob Arnott, founder, chairman and chief executive officer, dissects conventional wisdom. As always, their insights are in the context of the PIMCO All Asset funds.