MEF hopes that Peru will be part of the OECD before 2026

The Minister of Economy and Finance, Alex Contrerasassured that Peru’s goal is to be a member of the Organization for Economic Cooperation and Development (OECD) before 2026.

During his presentation before the Special Commission for Monitoring the Incorporation of Peru into the OECD (CESIP-OECD) of Congress, the head of the MEF said that the great advantage is that Peru has made progress on the most difficult issues of application, such as the tax, in addition to having macroeconomic stability with ideal standards. Therefore, he assured that the goal will be to “advance in other aspects, which are complex, but not difficult.”

“It’s a complex process, but I think we should target all the resources, if not to become a member, at least to meet the requirements in 3 years. Everyone says it’s an ambitious goal, but if we don’t set ourselves goals like this, we won’t We are going to achieve it. Some countries have taken 4, 5 or 6 years, but some have achieved it in 3,” he said.

In this sense, the minister assured that his office will take advantage of the “confluence of positive factors” that the Peruvian economy has, such as the demographic bonus that has “rewarded us as one of the few countries with a young and working population”, which will give greater sustainability for investment in infrastructure projects in the medium term.

“The projection is between 3 and 5 years, but the goal that we have to internalize as a state policy is 3 years. The country’s potential is enormous,” Contreras Miranda remarked.

The OECD is an international cooperation organization made up of 38 select states, whose objective is to coordinate their economic and social policies. The OECD was founded in 1961 and its headquarters are located in the Château de la Muette in Paris.