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Peru: Government establishes wage subsidy scheme to foster formal employment in the context of COVID-19 pandemic

Description

On 1 November 2020, the Peruvian authorities adopted Urgency Decree Nº 127-2020 that establishes a new PEN 807.7 million (approx. USD 223.4 million) programme to support formal employment and business...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Nov 2020

Revocation date

30 Apr 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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