Peru: Country Context
In the early 2000s, Peru achieved impressive economic growth and poverty reduction, establishing itself as an upper-middle-income country. Aided by structural reforms from the 1990s and revenues from the mining sector, the country strengthened its economic stability through sound macroeconomic frameworks, such as the independence of the Central Bank, strong financial regulations, and fiscal prudence policies. Favorable global conditions also played a role, fostering growth that led to significant poverty reduction and improved income levels.
