Remarkable leaps in development and numerous reforms
Peru has made substantial development progress in recent decades. Violent conflicts were overcome and the economy is now trending upwards. The government has submitted ambitious reform plans regarding the environment, agriculture, public administration and fighting corruption, while Peru’s economic development has been impressive too as the local economy has grown strongly since 2000. This has been backed by remarkable success in tackling poverty. The proportion of poor people shrank by 21% from 2006 to 2011. However, considerable social inequalities remain. KfW Development Bank is supporting Peru in its economic development process and in protecting its natural resources.