Strengthening the Science, Technology and Innovation System in Peru (WB-P156250)

  • Peru
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
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
Jan 11, 2017
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.
  • Industry and Trade
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)
$ 45.00 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)
$ 100.00 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 @ WB website

Updated in EWS Aug 16, 2017

Disclosed by Bank Jun 23, 2016

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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 development objective of the Strengthening the Science, Technology, and Innovation (STI) System in Peru Project for Peru is to strengthen the science, technology, and innovation system to improve research skills and firm-level innovation. The project comprises of four components. The first component, improving the institutional framework of the national STI system consists of following sub-components: (i) improving the institutional framework of the STI system; and (ii) National Council for STI (CONCYTEC) and National Fund for the Development of Science, Technology, and Technological Innovation management capacity. The second component, strategic programs: productivity and innovation fund and competitiveness reinforcement initiatives for productive innovation aims to design, plan, and oversee the implementation of CONCYTEC’s strategic STI programs, in line with national research priorities and private sector demands for innovation. It consists of following sub-components: (i) planning and capacity building for the strategic programs on technological innovation; (ii) competitiveness reinforcement initiatives for productive innovation (CRI for PI); (iii) productivity and innovation fund for technology transfer and upgrading; and (iv) impact evaluation to recalibrate the CRI for PI pilots. The third component, research and innovation capacity objective is to strengthen the capacity of the national STI system to generate relevant new knowledge and technology to contribute to productive innovation. It consists of following sub-components: (i) strengthening human capital for STI; (ii) improving research equipment; and (iii) competitive and strategically oriented grants for research and innovation. The fourth component is project management and monitoring and evaluation.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
The World Bank's International Bank For Reconstruction And Development is issuing a loan of US$45 million for this project, while the Government of Peru is providing US$55 million in counterpart financing. The total project cost is US$100 million.

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 WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing You can learn more about the Inspection Panel and how to file a complaint at:

How it works

How it works