Country Diagnostic: Peru

Building from a Strong Foundation: A Path Forward for Digitizing Sub-national Government Payments in Peru

This Diagnostic Study shows that Peru has a powerful opportunity to drive financial inclusion and continue modernizing its economy through further reforms to support digitization of payments. These reforms would help overcome the challenges of a highly fragmented governmental structure at the sub-national level, and would build on Peru’s recent improvements to its digital infrastructure. These improvements have supported a rapidly growing digital economy and contributed to Peru’s impressive economic growth in recent years. Despite this, Peru still has a large shadow economy, and remaining disparities of economic opportunity across the country. The Diagnostic Study maps out the key barriers to a more inclusive digital ecosystem in Peru, and makes specific recommendations at the national and sub-national level so Peru can harness the power of digital payments to build on its recent economic achievements.