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World Bank: Peru can achieve sustainable expansion through decentralized growth

Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco

Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco

16:29 | New York, Oct. 01

For Peru to achieve sustainable and balanced growth, the government should develop public policies that accelerate decentralized growth, with an emphasis on its mid-sized cities, the World Bank affirmed.

"To ensure economic growth with equity, the focus should be on the segment of the Peruvian population that continues to be vulnerable to economic shocks and that could fall back into poverty, which would reverse the progress made over the past decade," the World Bank stated.

In this sense, the Government of Peru "has identified priority areas to prevent this from occurring."

"These include closing infrastructure gaps, increasing the quality of basic services such as education and health, and expanding access to markets for the poor and vulnerable segments of the population," the financial institution pointed out.

It went on to add the government's current program intends to expand access to basic services, employment and social security, reduce extreme poverty and prevent social conflicts.

Likewise, it aims to improve the surveillance of potential environmental damage and reconnect with rural Peru through an extensive inclusion agenda.

(END) JJN/JJN/MVB

Published: 10/1/2015
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