Fiscal Management and Competitiveness Development Policy Loan

closed

The proposed development policy loan for the project of the first programmatic fiscal management for Peru is the first in a series of possibly three or four loans supporting the Government of Peru's (GoP's) reform plan to improve the functioning of Peru's public sector institutions and business environment. The loan focuses on two broad areas of policy reform: competitiveness efficiency and quality of fiscal management. In each of these areas, the GoP has begun to implement a detailed series of important policy measures as part of an integrated strategy to progressively reform fiscal administration, public spending and the business climate in ways that will lead to specific results that have a broad impact on growth and will be difficult to reverse.