Peru - DPL with a Cat DDO III (WB-P169058)

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
U
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
Apr 15, 2020
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
Government of Peru
The holder of the loan, grant, or other investment.
Sectors
  • Humanitarian Response
  • Law and Government
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)
$ 500.00 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)
$ 500.00 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 Apr 2, 2020

Disclosed by Bank Jun 5, 2019


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Project Description

According to the bank, the proposed operation’s development objective is to strengthen the institutional capacity of the Government of Peru to reduce and manage the impact of climate and disaster shocks at the three levels of Government. This objective will be achieved through reforms under the following pillars: • Pillar 1. Strengthen the National Disaster Risk Management System (SINAGERD) and mainstreaming DRM at the regional and local level. • Pillar 2. Strengthen the implementation of multi-hazard disaster risk management measures in the face of climate change in priority sectors. • Pillar 3. Improve efficiency in public resource mobilization and allocations for Disaster Risk Management (DRM).

Investment Description
  • World Bank (WB)
Contact Information

World Bank Diana Marcela Rubiano Vargas, Abigail C. Baca Senior Disaster Risk Management Specialist

Borrower/Client/Recipient

Ministry of Economy and Finance Implementing Agencies Unidad de Coordinación de Cooperación Técnica y Financiera - UCCTF Carlos Vargas Medrano Director cvargas@mef.gob.pe

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.