1887

Multi-dimensional Review of Peru

Volume 3. From Analysis to Action

image of Multi-dimensional Review of Peru

Peru has experienced remarkable socio-economic progress over the last two decades, enabling it to join the group of upper middle-income countries around 2010. However, challenges are ahead if the country is not to be caught in various development traps. Overcoming these challenges in the near future to take the economy to the next level and become a country with higher productivity, inclusive development and well-being for all will require sound policy reforms. Further efforts are needed on three main fronts: economic diversification, connectivity and formalisation of jobs. This report analyses the main challenges in these three priority areas and sets up a policy action plan. It also proposes a scorecard including a series of indicators for monitoring progress derived from the implementation of the reforms proposed in these three areas and presents the objectives for each indicator that Peru should aim to achieve by 2025 and 2030.

English

.

Peru’s path to a high-income economy with better well-being for all citizens

Peru has followed an advantageous path in recent decades. The country has emerged to become an upper middle-income economy but challenges lie ahead if the country is going to avoid getting caught in the development traps. Main bottlenecks are related to productivity, diversification, informality, connectivity and institutional capacities. Overcoming these challenges in the near future remains crucial for taking the economy to the next level and becoming a high-income country with inclusive development and well-being for all.

English

Graphs

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error