Germany committed to allocating €229 million for technical cooperation towards Peru

LIMA’ Nov 9 (NNN-ANDINA) — The Presidency of the Council of Ministers (PCM) has reported that on Nov 2-3 intergovernmental negotiations between Peru and Germany on cooperation for development were held in the city of Berlin.

At said meetings, the Government of Germany committed to allocating a total of €229 million (about US$230 million) for the execution of bilateral technical and financial cooperation in 2022 and 2023.

German Government representatives congratulated Peru on the approval of the roadmap for its process of accession to the Organisation for Economic Co-operation and Development (OECD).

Likewise, the hosting country’s Government recognized that, thanks to the approach to this group of best-consolidated economies around the world, Peru is creating structural prerequisites for a healthy and transparent economic development —based on the rule of law and respect for public policies.

The German Government underlined that it will accompany and continue to support Peru in the process of accession to the OECD, the PCM specified in a press release.

For its part, the Peruvian Government reaffirmed that State modernization, fight against corruption, territorial development, and fight against violence constitute central reforms of OECD recommendations and contribute to the fulfillment of sustainable development goals.

Similarly, it expressed its commitment to support the described reforms, considering the challenges that will be faced due to the upcoming succession of regional and local authorities.

On the issue of good governance for sustainable regional economic development, the German Government allocated €7 million (about US$7.05 million) for Peru to design and implement public policies aimed at boosting competitiveness, revitalizing the economy, as well as promoting the closing of gaps in infrastructure and access to public services at regional level.

It also allocated €3 million (about US$3.02 million) to Peru for the project titled “Promoting Compliance with OECD Recommendations to improve the Performance of Public Institutions in Peru,” and thus achieve modern public administration under OECD international standards, which contribute to improving the quality of public services.

The political counterpart for said project will be the Presidency of the Council of Ministers (PCM).

While in Berlin, the Peruvian delegation was led by Environment Minister Wilbert Rozas. — NNN-ANDINA

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