Global Trade Alert
Global Trade Alert

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

Announcement

01 Nov 2020

In November 2020, the Peruvian government launched a wage subsidy programme to support businesses and foster formal employment in the context of the COVID-19 pandemic.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

01 Nov 2020

Revocation date:

30 Apr 2021

Updated: 01 Nov 2020
Financial grant
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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