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It also hosted the December 2014 United Nations Climate Change Conference and the Miss Universe 1982 pageant.In October 2015 Lima hosted the 2015 Annual Meetings of the World Bank Group and the International Monetary Fund.According to early Spanish articles the Lima area was once called Itchyma, after its original inhabitants.However, even before the Inca occupation of the area in the 15th century, a famous oracle in the Rímac valley had come to be known by visitors as Limaq (Limaq, pronounced , which means "talker" or "speaker" in the coastal Quechua that was the area's primary language before the Spanish arrival).With a population of more than 10 million, Lima is the most populous metropolitan area of Peru and the third-largest city in the Americas (as defined by "city proper"), behind São Paulo and Mexico City.Lima was founded by Spanish conquistador Francisco Pizarro on January 18, 1535, as Ciudad de los Reyes.

After independence, Lima became the capital of the Republic of Peru but economic stagnation and political turmoil brought urban development to a halt.Around one-third of the national population lives in the metropolitan area.Lima is home to one of the oldest higher-learning institutions in the New World. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central coastal part of the country, overlooking the Pacific Ocean.Together with the seaport of Callao, it forms a contiguous urban area known as the Lima Metropolitan Area.

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