Peru OECD (IFC-601330)

Countries
  • 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Apr 3, 2016
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.
Borrower
Government of Peru
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 0.62 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 Apr 2, 2020

Disclosed by Bank Feb 7, 2019

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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 plans to support to the Government of Peru (GoP) in its engagement with the OECD and the implementation of business environment improvements based on international best practices. In particular, the project will leverage the OECD Country Program in Peru to focus on contributing to both the diagnostic activities, as well as implementation of short term recommendations. For longer term reforms, other projects should follow.

The work will concentrate mainly in five technical areas, which were defined in consultation with the Government and the OECD:

1. Innovation. The project will support a better approach to targeting innovation policies by establishing a methodology to analyze the quality and impact of public support to innovation.

2. Statistics. The project will support the ongoing OECD Statistics Policy Review, and bring experiences from countries that have accessed OECD to the Peru context.

3. Environmental management. The project aims at generating domestic knowledge on how to adapt policy, laws and reform sequencing when adopting OECD environmental standards.

4. Probity and Integrity. The project aims at contributing through drafting manuals based on international best practice and capacity building, for the application of anti-bribery instruments, institutions and practices.

5. International Taxation. The project facilitates the participation of Peru in a global initiative to prevent base erosion and profit shifting.

The project is implemented in close coordination with the World Bank, who is supporting the strengthening of the strategic positioning of Peru with the OECD, including the institutional set up to coordinate with the OECD, and Peru position vis a vis OECD members.

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

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