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Multi-dimensional Review of Peru

Volume 2. In-depth Analysis and Recommendations

image of Multi-dimensional Review of Peru

Peru has experienced significant improvements in economic growth, well-being and poverty reduction since the introduction of macroeconomic reforms, economic openness and more effective social programmes in the 1990s. However, the country still faces structural challenges to escape the middle-income trap and consolidate its emerging middle class. This report provides policy actions to tackle the main bottlenecks to boost inclusive development and well-being in Peru. In particular this report presents an in-depth analysis and policy recommendations to boost economic diversification and productivity, improve connectivity and reduce informality. Policy actions in these areas demand better institutions and improvements in areas and markets, including research and development and innovation, fiscal policy, education and skills, logistics and transport infrastructure as well as labour and product markets.

English

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Executive summary

OECD Development Centre

This is the second volume of the Multi-dimensional Country Review (MDCR) of Peru. It builds on the results of the first volume, which identified the main constraints to achieving well-being and sustainable and inclusive development, and provides recommendations in three key areas to address those constraints: promoting economic diversification and productivity, improving transport connectivity, and tackling informal employment. A forthcoming volume will propose a way of prioritising policy interventions and a framework for measuring policy implementation.

English

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