PE PROGRAMATIC REFORM FOR GROWTH II

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The Second Programmatic Decentralization and Competitiveness Structural Adjustment Loan (DESCAL) is the second of three single-tranche loans using a Programmatic Structural Adjustment Loan instrument to support short- and medium- term reforms that advance decentralization and economic competitiveness in Peru. The loan reflects an expansion in the overall program to include a heavier emphasis on supporting the Government's competitiveness agenda. The DESCAL will support efforts to: institutionalize the competitiveness agenda and implement its regional components; promote exports and trade facilitation; improve productivity and the mix and quality of Peruvian products; reduce logistics costs and improve public services in infrastructure; and improve the investment climate by reducing the cost of doing business.