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

Countries
  • Peru
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
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 11, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MEF MINISTRY OF FINANCE
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 45.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. 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, converted to USD$. Please see updated project documentation 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
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
  • World Bank (WB)
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
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 ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.