Peru saw an 8 percent drop in informal employment between 2000 and 2010, according to new figures by the World Bank, cited by El Comercio.
The report found that Peru had lower rates of informal poverty than other countries in the region, such as Paraguay, Costa Rica, Argentina, Brazil, Bolivia, and Chile.
However, economist Gustavo Yamada said although informal employment had declined in the country, there are still many Peruvians working in less-than optimal working conditions, El Comercio reported.
Meanwhile, Susan Goldmark, the World Bank’s Country Director for Peru, Bolivia, Chile, Ecuador, and Venezuela, said Peru’s private sector had been a main source of job creation in the country.
Therefore, the government’s job, Goldmark said, is to continue to ensure the proper conditions for job growth.
Peru saw an 8 percent drop in informal employment between 2000 and 2010, according to new figures by the World Bank, cited in El Comercio.