World Bank backs Peru’s reforms to strengthen fiscal management and build a more productive, sustainable economy

WASHINGTON, January 26, 2026 - The World Bank's Board of Executive Directors approved a new policy reform framework for Peru -the second in a two-part series- to back government reforms that strengthen fiscal management, boost productivityand facilitate the setting for more and better jobs reinforcing Peru's ongoing efforts toward OECD accession.

The US$500 million program builds on the first operation approved in August 2024, which advanced a broad set of fiscal and productivity-enhancing reforms aligned with Peru's reform agenda.

Building on these efforts, the new operation advances further reaching reforms to reduce fiscal risks, increase tax revenues, improve the efficiency of public investment, and promote competition and access to finance.

"Peru has significant potential to accelerate economic growth by unleashing innovation and boosting productivity across key sectors - opening opportunities for greater investment, more digitalization, and the creation of better jobs nationwide, " said Issam Abousleiman, World Bank Division Director for Bolivia, Chile, Ecuador and Peru.

The reforms in Peru will also improve the competitiveness of agricultural value chains, particularly for small-scale and female farmers, and enable deforestation-free agricultural exports.