Peru's PM: OECD-standard modernization generated US$120 million in savings

Photo: Presidency of the Council of Ministers of Peru

Photo: Presidency of the Council of Ministers of Peru

15:03 | Paris (France), Jun. 3.

Peru's accession process to the Organisation for Economic Co-operation and Development (OECD) ensures direct benefits to citizens and businesses, including S/409 million (about US$120 million) in savings generated between 2017 and 2025 through the adoption of the organization's recommendations on regulatory policy, Prime Minister Luis Arroyo stated.

The high-ranking official made the remarks on the third day of his working visit to Paris, during a session at the OECD Ministerial Council Meeting.

At this global forum, the Presidency of the Council of Ministers (PCM) head highlighted the positive impact of these measures, which have been promoted in the South American country since 2016.

"This was made possible through the elimination and simplification of procedures and the prevention of unnecessary administrative burdens, with a direct impact on the country's competitiveness and productivity," Arroyo indicated.

In his remarks, the Cabinet chief reminded attendees that Peru's regulatory policy is the result of a reform shaped over the past decade by OECD recommendations.

As a result, the Peruvian State has attached greater importance to public consultation.

This mechanism enabled the collection of more than 9,000 comments from over 1,600 citizens and stakeholders between 2023 and 2025, with 37% of the contributions incorporated into regulatory proposals.

"This is complemented by the standardization of procedures at the national, regional, and local levels. More than 71% of municipalities and 85% of regional governments have adopted this measure to provide greater predictability for citizens," Arroyo emphasized.

Additionally, the Cabinet chief noted that the Peruvian Regulatory Improvement Observatory was implemented in 2025, a tool that enables the monitoring of progress and strengthens transparency in the regulatory process.

"For Peru, regulatory improvement has strategic value: it strengthens competitiveness, builds institutional trust, and improves conditions for attracting investment. High-quality regulation protects competition, fosters innovation, and benefits citizens," he explained.

(END) NDP/JCR/CVC/MVB

Published: 6/3/2026