on Wednesday stated that her government will work on the systematic and sustained reduction of labor informality, as well as on improving Peru’s productivity and competitiveness.
"This is the time to join forces. I call on all sectors to contribute to this national effort; together we can build a larger, fairer, and more competitive labor market," Mrs. Boluarte said during the ceremony marking the creation of the Permanent Multisectoral Commission for Labor Formalization.
The Head of State noted that the commission will serve as a high-level coordination space to propose improvements in the implementation of effective public policies for formalization.
In this regard, the national strategy for labor formalization 2025–2040 will be debated and approved there.
"From today, the history of Peru will start to be written —a before and after. In this way, we will work on the systematic and sustained reduction of labor informality, as well as on improving the country’s productivity and competitiveness," Mrs. Boluarte emphasized.
The top official stated that, to date, labor informality has dropped by 3.1 percentage points compared to 2022, enabling formal employment in 2024 to reach its highest level in the past 20 years.
"However, we are not unaware of the magnitude of the challenge we face, with 70% of our employed population still in informal labor," she said.
The Head of State acknowledged that formalization is a long-term goal, which is why the commission is a permanent multisectoral body, involving actions among Ministries of Economy and Finance, Production, Agrarian Development and Irrigation, Foreign Trade, and others.
It also involves institutions such as the National Superintendence of Public Registries (Sunarp), the National Superintendence of Tax Administration (Sunat), and the National Superintendence of Labor Inspection (Sunafil).
"Within this commission, the national strategy for labor formalization 2025–2040 will be discussed and approved —a proposal from the Ministry of Labor and Employment Promotion aimed at increasing labor formalization to 50% by 2040," she concluded.