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The OECD and Peru: A Mutually Beneficial Relationship

On 25 January 2022, the OECD Council decided to open accession discussions with Peru. This follows careful deliberation by OECD Members on the basis of its evidence-based Framework for Consideration of Prospective Members and the progress made by Peru since its first requests for OECD membership.

Following Peru’s adherence to the values, vision and priorities reflected in the OECD’s 60th Anniversary Vision Statement and the 2021 Ministerial Council Statement, the 38 OECD Members adopted on 10 June 2022 the Roadmap for the Accession of Peru to the OECD Convention setting out the terms, conditions and process for its accession.

Peru has been one of the most active Partner countries. Peru was amongst the first countries to engage with the OECD through its OECD Country Programme, which was built around five key areas: economic growth; public governance, anti-corruption and transparency; human capital and productivity; and environment. The Programme comprised policy reviews, implementation and capacity building projects, participation in OECD Committees and adherence to selected OECD legal instruments. Since 2018, Peru has been implementing an Action Plan to continue supporting its reform agenda drawing on OECD legal instruments, bodies and evidence based analysis.

The OECD’s Global Relations Secretariat has managed the strategic coordination of this relationship on behalf of Members, ensuring that the dialogue remains focused and forward-looking. The programme’s review and evaluation procedure has allowed for the sharing of OECD standards and best practices with the Peruvian authorities and has helped to identify of areas for future reforms. Peru has valued the opportunity to discuss major policy issues and challenges in a multilateral context and to learn from the experiences of OECD countries facing similar challenges in many areas. In turn, this dialogue has enriched the OECD’s knowledge and policy advice, and has benefitted OECD members and non-OECD economies by enabling them to acquire a better understanding of Peru.

Source: OECD