Business Climate Boost Needed in Peru: IMF

Enhancing the business environment in Peru by further simplifying the tax framework and external trade is critical for the country, according to the IMF. “These reforms, along with those being implemented to deepen domestic capital markets, such as the recent changes of investment norms for private pension funds, would help strengthen Peru’s competitiveness,” the multilateral says. A delegation of the IMF visited Peru recently to discuss a third review of Peru’s $278m 25-month stand-by arrangement.