World Bank Backs Peru’s Digital-First Reforms With $500M Boost

The newly approved operation is the second in a two-part reform series, building on an earlier program approved in August 2024 that laid the groundwork for modernizing fiscal policy and improving productivity across key sectors.

The World Bank has approved a US$500 million policy reform program for Peru, accelerating a new wave of fiscal, productivity, and competitiveness reforms designed to unlock innovation, attract investment, and create better-quality jobs as the country advances toward OECD accession.

The newly approved operation is the second in a two-part reform series, building on an earlier program approved in August 2024 that laid the groundwork for modernizing fiscal policy and improving productivity across key sectors. Together, the two operations form a coordinated reform framework aimed at reshaping Peru’s economic foundations for the digital age.

The latest package targets some of the country’s most pressing structural bottlenecks. It introduces reforms to reduce fiscal risks, increase tax revenues, improve the efficiency of public investment, and expand competition and access to finance—areas seen as critical for scaling technology adoption, enabling startups, and supporting private-sector-led growth.

“Peru has significant potential to accelerate economic growth by unleashing innovation and boosting productivity across key sectors,” said Issam Abousleiman, World Bank Division Director for Bolivia, Chile, Ecuador, and Peru. “These reforms open opportunities for greater investment, more digitalization, and the creation of better jobs nationwide.”

For tech and innovation stakeholders, the reforms signal a stronger push toward data-driven public investment, more predictable fiscal management, and a more competitive financial ecosystem—key enablers for fintech, agri-tech, and digital services. By improving how public funds are allocated and monitored, the program also creates space for smarter infrastructure projects and technology-enabled service delivery.

The reform agenda extends beyond urban and industrial sectors. It includes measures to strengthen agricultural value chains, with a focus on small-scale and female farmers, and to enable deforestation-free agricultural exports. These changes are expected to accelerate the adoption of digital traceability tools, climate-smart technologies, and sustainable supply-chain platforms—areas of growing interest for global investors and climate-tech innovators.

As Peru aligns its institutions and policies with OECD standards, the World Bank-backed reforms send a clear signal to early adopters: the country is positioning itself as a more transparent, competitive, and innovation-friendly economy. For companies looking to scale digital solutions in Latin America, Peru’s reform momentum could mark a strategic entry point into a fast-evolving market.