Shared Value Platform Revenue Management Anglo American Peru (IFC-606622)

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
Sep 30, 2021
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
Anglo American Peru
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Infrastructure
  • Mining
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.
Investment Amount (USD)
$ 0.95 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.
Grant Amount (USD)
$ 0.95 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.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 14, 2022

Disclosed by Bank Jan 27, 2022

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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.

Overall, the investment capacity of the Sub National Governments (SNG) will be strengthened through coaching or direct support to officers and local leaders by making available relevant information, delivering training and tools, and promoting the adoption of Good Practices (GP). The Project builds from the experience and lessons learned by IFC in previous programs. IFC will work in the implementation of GPs selected based on the areas of improvement identified during pre-implementation.

This project is embedded in a broader initiative implemented in Peru to promote sustainable regional development, called in Spanish "Moquegua Crece". This is a partnership with Anglo American and other parties who have agreed to collaborate to develop initiatives and to coordinate and undertake actions in good faith to promote regional development in Moquegua more effectively. The activities contemplated under this project are part of one of the three pillars prioritized by Moquegua Crece, which is the Institutional Capacity Building component.

The working methodology proposed by IFC includes a combination of the following activities:
• Coaching sessions to train officers on key areas related to the investment cycle.
• Solve day-to-day issues and organize ad-hoc workshops to reinforce key topics.
• Meetings with SNGs´ authorities to validate the methodologies and action plans.
• Building the capacity and provide training to men and women leaders.
• Visits to leaders and grassroot organizations and dialogue sessions with authorities and leaders.

The Project has been structured around three workstreams, which are key components of Good Governance:

A. Responsiveness: Sub National Governments investment portfolio responds to population needs, including women needs. Good practices under this workstream include:
- Multi-annual planning process and alignment to the new regional development plan of Moquegua.
- Multiannual Participatory Budgeting.

B. Responsibility: Effective investment portfolio management and delivery of services. Good practices under this workstream include:
- Enhanced internal coordination and alignment to monitor the SNGs investment portfolio and its progress through the investment cycle.
- Improving the effectiveness of the investment portfolio management by developing an operational programming matrix.
- Maintenance plans.
- Preparation and evaluation of guidelines.
- Developing guidelines for projects’ closure.

C. Transparency and Accountability: SNGs are expected to be held accountable for the effectiveness of the use of mining royalties by local leaders.

People Affected By This Project
People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

The project’s objective is to strengthen the capacities of Sub National Governments (SNG) in Moquegua to effectively respond to community needs through the enhanced provision of inclusive public infrastructure and/or services. SNGs are expected to implement Good Practices, contributing to improvements toward the following three outcomes:
i) SNGs investment portfolio will be better aligned with population needs, including women, priorities through the implementation of key practices.
ii) SNGs Investment portfolio management and delivery of services will be more effective due to better designed, implemented, maintained and operated investment projects.
iii) SNGs are held accountable for the effectiveness of their investments through the increased capabilities of leaders, including women leaders, to monitor public investment.

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.

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

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

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How it works