Apurimac Mining Agriculture (IFC-600369)

  • Peru
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 2, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Agriculture and Forestry
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 3.26 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 3.26 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 16, 2017

Disclosed by Bank Jul 20, 2016

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
The project will focus on two components: promoting a collective action; improving livelihoods of rural families. This component will seek to enlist mining companies operating in the region in a joint public private effort under the concept of "mining acting as a strategic ally of agriculture". The idea is to help mining become associated with promoting improved productivity and diversification of key crops which will lead to improved food consumption and the raise of farmers income in the region. It will also seek to establish a network of trained agricultural technicians, who can be available for future engagements. Work will focus on nurturing the idea of Collective Action to support small farmers needs in a structured way, positioned and permanently nurtured. This will require a coordinated effort between small farmers, mining companies and government agencies (national, regional and local). Work will focus on: 1.1 Put in practice and position a Collective Initiative ; 1.2 Establish a coordination Mechanism ; 1.3 Establish a network of Yachachiq. The second component aims to improve the farm productivity, food availability and the families income in areas impacted by mining operations, so as to generate a better overall environment under which mining companies and agriculture families coexist. This will be done by incorporating culturally suitable farm production technologies, introducing high value and market oriented crops, livestock and poultry; developing peer-to-peer technical assistance activities by using the Yachachiq network, introducing best practices on nutritious food consumption and conducting some market advisory actions and links to potential buyers. Based on an improved productivity of farms, rural families are expected to improve food consumption and increase their income, which will reduce the pressure for mining related job opportunities. This components strategy will articulate a successful experience from the Ministry of Social Inclusion, through its program Haku Winay, and implement it under a collective initiative of the mining sector. The impact of this approach will be enhanced and communicated internally and more broadly to key stakeholders in the region. The coordinated participation of mining companies, local, regional and national government organizations will be articulated and coordinated under the Steering Committee. Using Haku Wiay, a model tested by the government, has several advantages. First, the project has incorporated a gender strategy which recognizes the role of women in their families, with relation to the adoption of new practices in both, their farms and households for improving food consumption practices of their families. Second, the agricultural practices introduced by the program have been culturally adapted to the area and are environmentally friendly (i.e. no use of pesticides or introduction of foreign crops, promote organic production). Finally, in addition to having the endorsement of the government, mining companies feel positive about using a tested approach and having the central government as a key ally on this initiative. Work will focus on: 2.1 Improve farmers productivity and diversification; 2.2 Improve food consumption practices; 2.3 Promote Market linkages.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC/MIGA The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works