Competitiveness and Sustainability in the Strategic Minerals Sector Project (WB-P510607)

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
A
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
Mar 13, 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
Republic of Peru
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Mining
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)
$ 200.00 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)
$ 200.00 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)
$ 265.14 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 21, 2026

Disclosed by Bank May 21, 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 development objective is to improve the competitiveness and sustainability of Peru’s mining sector.

The Peru Mining IPF seeks to enhance the competitiveness and sustainability of Peru's mining sector through upstream, public-good interventions. The project will generate cutting-edge geoscientific data, modernize mining institutions and digital systems, and strengthen environmental and social governance. These activities are underpinned by a de-risking Theory of Change, which anticipates medium-term outcomes of improved competitiveness and more sustainable practices, and long-term impacts such as diversification into critical minerals. Key assumptions include sustained political commitment, effective adoption of regulatory and digital reforms, active community engagement, positive private sector response to better information and governance, and ASM uptake of good practices.The operation comprises two technical components and one implementation component:Component 1: Geological knowledge management, including (i) a national drill core library, (ii) generation of geoscientific information, and (iii) a national geochronology laboratoryComponent 2: Adequate management of mining investments, including (i) digital transformation of mining management, (ii) development of a digital one-stop shop (VUD MINEM), and (iii) technical assistance centers for artisanal and small-scale mining (CATAT).Component 3: Program/studies management, including (i) policy and analytical support for environmental and social management and (ii) project implementation and management.All interventions are strictly upstream in scope. The project will not finance or facilitate mineral exploration, extraction, or any downstream activity. Its primary objective is to enhance Peru's public knowledge base to inform land-use planning, natural resource governance, and strategic policymaking. Any eventual downstream use of generated data would be subject to Peru's comprehensive regulatory framework, which mandates rigorous permitting processes, environmental and social assessments, and Free, Prior, and Informed Consent (FPIC) where indigenous peoples' rights may be affected. This ensures a clear temporal and institutional separation between upstream public-good activities financed by the project and any future private sector mining investments.

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
Javier Aguilar
Sr Mining Spec.

Borrower/Client/Recipient
Ministry of Economy and Finance

Implementing Agencies
Ministry of Energy and Mines

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

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