MEF: Peruvian Government reforms to strengthen competitiveness and attract investment

Photo: Ministry of Economy and Finance of Peru

Photo: Ministry of Economy and Finance of Peru

09:47 | Washington, D.C. (U.S.), Oct. 16.

Deputy Economy Minister Erick Lahura reaffirmed that the deregulatory measures promoted by the Government of Peru will strengthen competitiveness, productivity, and the country's ability to attract new investment.

During his participation in the Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF), Lahura underscored that consolidating the legal and regulatory framework is essential to ensure a predictable and transparent economic environment, oriented toward international markets.

In his presentation at the Business Council for International Understanding (BCIU), he highlighted that the government is implementing a set of reforms aimed at strengthening productivity and Peru's integration into global value chains.

Among the main regulations are the General Public Procurement Law, the Law on Works  for Taxes, the Cabotage Law, the Tourism Law, the Technified Irrigation Law, the Electricity Investment Law, the new Agrarian Law, and the regime of Private Special Economic Zones. These are aimed at consolidating competitiveness and promoting sustainable investment in infrastructure, energy, and agribusiness.

He also explained that the new Public–Private Partnership (PPP) Law will enable more than US$20 billion in infrastructure and public service projects through faster, more transparent processes with greater predictability for the private sector, introducing improvements in the Private Investment Promotion Agency's (ProInversion) governance, shorter timelines for technical studies, and a results-oriented regulatory framework.

Likewise, the government official highlighted that Peru's strong macroeconomic performance is supported by prudent fiscal and monetary policies.

The country maintains a public debt equivalent to 32.1% of GDP (2024), well below the regional average (70%), an annual inflation rate of 1.4%, and a fiscal deficit of 2.4% with a declining trend.

In addition, Peru relies on international reserves equivalent to 26% of GDP and a country risk at 124 basis points (September 2025), one of the lowest in Latin America, reinforcing its position as a reliable destination for foreign investment.

During his participation in the National Foreign Trade Council (NFTC), Lahura highlighted the country's progress in financial digitalization and inclusion.

He explained that Peru's new digital payment ecosystem, driven by the interoperability of e-wallets and the expansion of the clearing system infrastructure, has enabled the country to surpass the threshold of one digital payment per adult per day (reaching 442 payments per person annually in 2024). It is an 884% increase since 2019, consolidating a more formal, modern, and efficient economy.

Later, at the Inter-American Development Bank (IDB) High-Level Roundtable: Strengthening Gulf–LAC Partnerships, the Deputy Minister highlighted the opportunities Peru offers in strategic sectors such as agribusiness, sustainable mining, and clean energy.

The government official specified that Peru has 67 mining projects worth over US$64 billion, 40 renewable energy projects underway, and a portfolio of 80 PPP and infrastructure projects valued at more than US$20 billion for the 2025–2026 period.

Furthermore, the Deputy Minister emphasized the country's potential to become a regional green hydrogen hub, with flagship projects in Arequipa supported by international cooperation.

Moreover, he reiterated that the government's strategy aims to balance sustainability, productivity, and responsible private investment.

Lastly, the Deputy Minister participated in other bilateral meetings and strategic forums, including the high-level lunch with the Qatar Fund for Development (QFFD), the meeting with the IDB President on the 2026 agenda, and J.P. Morgan's Sovereign Advisory Ratings Forum.

There, he reaffirmed Peru's commitment to macroeconomic stability, public–private partnerships promotion, as well as the consolidation of its image as a reliable and competitive international partner.

(END) NDP/JAM/MVB

Published: 10/16/2025