Peru the Country

Remarks by Angel Gurría, OECD Secretary-General, delivered within Launch associated with OECD nation Programme with Peru

President Humala, Chancellor Gutiérrez, Distinguished Guests, Media Friends:

Its a privilege is to you today to introduce the OECD Country Programme with Peru.

The Organisation for Economic Co-operation and developing (OECD) features, through the outset, had a mandate and goal to analyse, share and disseminate best practices in the field of community policy.

In 2014, the OECD established Country Programmes as a fresh tool for promoting dynamic, growing economies particularly Peru in creating their reforms and strengthening community policies. It provides us much enjoyment to announce that Peru may be the very first nation to become listed on this brand new instrument.

Why Peru?

Peru may be the 6th many populous nation in Latin The united states and the 7th economic climate in your community. Nevertheless, it stands apart among the most quickly evolving Latin American economies, driven by considerable reform and impressive financial momentum.

Peru has the best growth in the location. Between 2000 and 2008, its normal development rate was 5.6%. During 2009, throughout the extremely worst of this economic crisis, it absolutely was mostly of the Latin American countries to register positive growth (1.1percent), and, from 2010 to 2013, when the worldwide economy grew extremely gradually, Peru notched up the average growth price of 6.7per cent.

This energy, suffered by a delighted mix of sensible macro-economic guidelines and comprehensive architectural reforms, has actually allowed Peru to increase its per capita GDP, increase its middle-class to add 70percent associated with the population and notably decrease its impoverishment indexes.

But the Peruvian federal government therefore the OECD know about the massive difficulties dealing with the country along the path to development. I will highlight three of those challenges:

Initially, raising the standard of knowledge (Peru is ranked final associated with the 65 PISA countries in reading, math and research);

Second, reducing the informal economic climate (around 65%) and high percentage associated with populace (one-third) without medical or retirement security;

Third, strengthening the taxation system and, as a whole, the ability of State to give high-quality solutions in remote areas, including, including, for 10 million roughly those that have no fresh water or drainage inside their home.

The OECD Country Programme seeks primarily to assist Peru confront and solve these and lots of other challenges.

This Programme is an ambitious mix of 18 jobs that your OECD will undertake with Peru, across next 2 yrs, so that you can strengthen its public policies. It is a Peruvian Programme sustained by the OECD; to phrase it differently it really is Peru that determined what its concerns tend to be. The OECD is certainly not informing Peru how to handle it: we're sharing with it ideal methods of other nations. Including:

When it comes to good governance, the Programme includes studies aimed at improving the effectiveness of this general public industry, co-ordination amongst the various levels of government and integrity with its procedures, for example concerning tendering and community procurement.