Peru has experienced remarkable socio-economic progress over the last two decades,
enabling it to join the group of upper middle-income countries around 2010. However,
challenges are ahead if the country is not to be caught in various development traps.
Overcoming these challenges in the near future to take the economy to the next level
and become a country with higher productivity, inclusive development and well-being
for all will require sound policy reforms. Further efforts are needed on three main
fronts: economic diversification, connectivity and formalisation of jobs. This report
analyses the main challenges in these three priority areas and sets up a policy action
plan. It also proposes a scorecard including a series of indicators for monitoring
progress derived from the implementation of the reforms proposed in these three areas
and presents the objectives for each indicator that Peru should aim to achieve by
2025 and 2030.