Over the past 15 years, Peru’s economic growth has exceeded the average for Latin America and the Caribbean. Solid, sustained foreign investment has supported this growth. The country has also promoted social policies to ensure increased social inclusion.
Thanks to its current situation, the Andean country has taken a qualitative leap in terms of economic and social policymaking: with the recent establishment of the Country Program of the Organization for Economic Co-operation and Development (OECD), Peru has embarked on the process to achieve OECD standards. The World Bank Group is supporting the Peruvian government in this endeavor.
As part of the Road to Lima initiative, the World Bank, the OECD and Peru’s Ministry of Economy and Finance (MEF) organized an international forum in the Peruvian capital, which brought together Peruvian government representatives and key actors of the country’s private sector. Experts from OECD member countries (Canada, Chile, Slovakia, Spain, Mexico and Switzerland) also participated, along with representatives of countries applying for OECD membership (Colombia and Costa Rica). Anabel Gonzalez, the director of Global Practice on Trade and Competitiveness at the World Bank, also spoke at the event.
¨This process should ensure that Peru continues to improve the quality of life of the most vulnerable citizens, as well as to guarantee that policies and public institutions coincide in promoting the highest international standards,” said Alberto Rodríguez, World Bank director for Peru, Bolivia, Chile, Ecuador and Venezuela.
Recently, Peru and the OECD signed a Country Program agreement, a proposal that addresses technical, legal and conceptual aspects of the relationship between the two parties. Although the membership process may take years, the country is well on its way to achieving this aim.
“At the PCM (Office of the President of the Ministerial Cabinet), we believe that collaboration with OECD member countries involves working together, engaging in dialogue and taking advantage of experiences to improve the Peruvian public sector across the board. For Peru, collaboration with these countries is a development tool,” said Pedro Cateriano, president of the Ministerial Cabinet.
The consensus among experts attending the event was that Peru can benefit from the experiences of other countries to design reforms and strengthen public policies and the institutions responsible for policymaking and implementation.
As OECD Global Relations Director Marcos Bonturi emphasized, the relationship between the two parties is reciprocal rather than unilateral.
¨We also want to learn from Peru’s experience. OECD member countries are very interested in learning about some of the reforms Peruvian officials have implemented,” said Bonturi.