The Experience of Development Banking in Peru: 1990-2015 [La Experiencia de la Banca de Desarrollo en el Perú: 1990-2015]

En Griffith-Jones y Ocampo (Eds.), The Future of National Development Banks (pp. 196-228). Nueva York: Iniciative for Policy Dialogue y Oxford University Press. https://doi.org/10.1093/oso/9780198827948.003.0008

48 Pages Posted: 26 Sep 2023

See all articles by Oscar Dancourt

Oscar Dancourt

Pontifical Catholic University of Peru

Renzo Jiménez-Sotelo

Universidad Nacional Mayor de San Marcos

Date Written: August 30, 2017

Abstract

[In English] This paper analyzes the experience with the state 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 analyzed 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.

[In Castilian] Este trabajo analiza la experiencia con las entidades financieras estatales en el Perú y arguye que sus actividades de banca de desarrollo han perdido relevancia como instrumentos de política pública desde las reformas estructurales implementadas a inicios de los 90. Como todas las otras empresas estatales, desde entonces han estado sujetas a una regulación legal discriminatoria. Las cuatro empresas financieras estatales analizadas tienen objetivos y metas que no están integrados entre sí, duplican sus esfuerzos y no aprovechan las sinergias posibles de obtener, por lo que ninguna de estas instituciones representa un efectivo banco de desarrollo estatal tal como existe en otros países.

Note: Downloadable document is in Castilian.

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

JEL Classification: D80, E50, G20, H60, N26, Q14

Suggested Citation

Dancourt, Oscar and Jiménez-Sotelo, Renzo, The Experience of Development Banking in Peru: 1990-2015 [La Experiencia de la Banca de Desarrollo en el Perú: 1990-2015] (August 30, 2017). En Griffith-Jones y Ocampo (Eds.), The Future of National Development Banks (pp. 196-228). Nueva York: Iniciative for Policy Dialogue y Oxford University Press. https://doi.org/10.1093/oso/9780198827948.003.0008, Available at SSRN: https://ssrn.com/abstract=4557346 or http://dx.doi.org/10.2139/ssrn.4557346

Oscar Dancourt

Pontifical Catholic University of Peru ( email )

1801 Universitaria Avenue
San Miguel
Lima, Lima Lima32
Peru

Renzo Jiménez-Sotelo (Contact Author)

Universidad Nacional Mayor de San Marcos ( email )

Lima -Perú
Lima
United States

HOME PAGE: http://blog.pucp.edu.pe/blog/renzojimenez/autor/

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