Toward a More Competitive and Inclusive Sector
Peru’s Minister of Energy and Mines, Luis Bravo, met with World Bank Regional Director Isaac A. Abouseliman to strengthen cooperation on projects focused on regulatory competitiveness, sustainable investment, and the formalization of small-scale and artisanal mining. The meeting marked a renewed effort to address one of Peru’s most complex extractive challenges—transforming informal mining into a viable, responsible economic activity that aligns with environmental and labor standards.
Building Institutional and Technical Capacity
Both parties agreed to create dedicated technical working groups to define priorities and design short-term actions. The agenda will include training programs, intersectoral coordination mechanisms, and pilot initiatives aimed at improving governance and traceability in artisanal gold production. The collaboration seeks to enhance the efficiency of formalization processes while expanding access to financial and technological resources for small miners.
A Step Toward Sustainable Formalization
By engaging the World Bank, MINEM is positioning artisanal mining not merely as a problem of enforcement but as an opportunity for inclusive development. Technical assistance will help integrate thousands of miners into the formal economy, reducing environmental harm and improving social conditions in mining regions. If implemented effectively, this partnership could become a cornerstone in rebuilding the sector’s legitimacy—linking competitiveness, sustainability, and social responsibility under a renewed framework of shared value.