Peru is moving in the right direction in terms of innovation of productivity, Inter-American Development Bank (IDB) representative in Peru Viviana Caro said on Wednesday.
Likewise, the officer stressed that this process could be accelerated in the Inca country. Caro said that while progress was made in aligning existing programs, there is the issue of investment, which is still insufficient.
The IDB representative added that —as innovation progresses— the
development of the economy will prosper.
Caro also commented that the Government —through the
Innovate Peru Program— has developed one of the most relevant tasks in recent years and that the IDB has been joining it for more than a decade. In this case, Peru worked on the issue of bonuses, subsidies, or transfers.
The
Innovate Peru Program co-finances projects of business innovation, productive development, entrepreneurship, and ecosystem institutions, through national competitions.