Peru Second Fiscal Policy and Sustainable Growth DPF-DDO (WB-P506131)

Countries
  • 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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 26, 2026
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
  • Agriculture and Forestry
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 500.00 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.
Loan Amount (USD)
$ 500.00 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)
$ 500.00 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.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 22, 2026

Disclosed by Bank Aug 20, 2025

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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.

According to the WB, The Program Development Objective is to support Government reforms to a) strengthen fiscal management, and b) foster a more productive and greener economy.

The development objective of Second Fiscal Policy and Sustainable Growth Development Policy Financing (DPF)The reform program supported by this DPF has been updated to reflect the GoP's evolving priorities within the framework of the established PDO with a Deferred Drawdown Option for Peru is to support Government reforms to a) strengthen fiscal management, and b) foster a more productive and greener economy. Despite the current political volatility, the GoP remains committed to reforms aimed at boosting sustainable growth and productivity while maintaining fiscal prudence. Moreover, the government's commitment to the OECD accession process is expected to provide a clear roadmap for ambitious structural reforms to boost sustainable growth and strengthen institution. The DPF advances development areas that are prioritized in the World Bank Group Country Partnership Framework (CPF) for Peru FY23-27. The reform program supported by this DPF has been updated to reflect the GoP's evolving priorities within the framework of the established PDO. The DPF is aligned with the goals of the Paris Agreement on both mitigation and adaptation. It is linked to the CPF pillar on increasing access to economic opportunities by improving the efficiency of investments in public infrastructure (PA3 and PA4), by strengthening the innovation ecosystem (PA5), by fostering access to finance and digital financial inclusion (PA6 and PA7), by promoting a sustainable use of natural capital (PA8). PA3 and PA4 also contribute to the second pillar on improving access to quality public services. Finally, it addresses challenges related to promoting increased resilience against the impacts of natural disasters and other shocks (PA8).

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.

World Bank
Natasha Rovo
Special Assistant

Borrower/Client/Recipient
Republic of Peru
Implementing Agencies

Ministry of Economy and Finance
Guadalupe Mercedes Pizarro Matos
General Director
gpizarro@mef.gob.pe
Kira Samantha Chinchay Velasco
Director of the Credit Department of the General Directorate of the Public Treasury
kchinchay@mef.gob.pe


ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works