Friday, July 01, 2005Peru. A Private Sector Assessment
By: The Enterprise Research Institute
For: The InterAmerican Development Bank, 2002 This paper analyzes the environment for private business in Peru and identifies the main constraints for the private sector based on an analysis of current conditions and interviews undertaken during recent visits to Peru. It evaluates progress to date in developing a business friendly environment and identifies priorities for further reforms that would promote private sector development. The paper also presents a preliminary and impressionistic assessment of the effectiveness of interventions by the IDB Group to support the private sector. There have been loans to improve infrastructure, help capital markets develop, and assist small businesses and micro enterprises. Legal reform has been pursued and there have been some attempts to strengthen property rights and other institutions in the region. Technical cooperation has also been undertaken to improve some institutions. The paper presents a brief description and analysis of the IDB Group’s support for the private sector in Peru and includes an assessment of the strategy underlying private sector assistance as well as a more detailed look at three specific projects. |