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The Future of National Development Banks$
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Stephany Griffith-Jones and José Antonio Ocampo

Print publication date: 2018

Print ISBN-13: 9780198827948

Published to Oxford Scholarship Online: November 2018

DOI: 10.1093/oso/9780198827948.001.0001

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The Experience of Development Banking in Peru

The Experience of Development Banking in Peru

1990–2015

Chapter:
(p.196) 8 The Experience of Development Banking in Peru
Source:
The Future of National Development Banks
Author(s):

Óscar Dancourt

Renzo Jiménez Sotelo

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198827948.003.0008

This chapter analyses the case of state-owned financial entities in Peru and argues that their development banking activities have decreased in importance as instruments of public policy since the structural reforms implemented in the early 1990s. Like all other state enterprises, they have since been subject to discriminatory legal regulation. The four state financial companies analysed have objectives and goals that are not integrated with one other, duplicate their efforts, and do not take advantage of the possible synergies to be obtained. Therefore, none of these institutions constitutes an effective state development bank such as exists in other countries.

Keywords:   Peru, bank lending, state banks, developments banks, financial analysis, financial intermediation

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