Early Warning System

Countries

Peru

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

Inter-American Development Bank (IADB)

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

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

Oct 30, 2020

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

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, guarantee, technical assistance, advisory services, equity and fund.

Loan Amount (USD)

$ 400.00 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)

$ 400.00 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

Perfil de Proyecto PE-L1261 publico [Original Source]

Primary Source

Original disclosure @ IADB website

Updated in EWS Oct 1, 2020

Disclosed by Bank Sep 9, 2020

Contribute Information
Can you contribute information about this project?
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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 general objective is to support the implementation of a program of policy reforms aimed at accelerating recovery and improving the competitiveness of the economy. The specific objectives are to: (i) recover investment through policy commitments aimed at improving the business environment and (ii) increase the effort in innovation through policy commitments aimed at improving the environment for dynamic innovation and entrepreneurship .

El objetivo general de la serie programática es apoyar al Gobierno de Perú a reactivar la economía y acelerar el crecimiento potencial. Los objetivos específicos son: (i) reactivar las actividades productivas promoviendo un marco de seguridad sanitaria empresarial; (ii) mejorar las condiciones de acceso al financiamiento para la producción y la inversión de las empresas; (iii) mejorar la ejecución de los proyectos de inversión privada y pública en infraestructura; (iv) promover la alineación de los programas públicos para la innovación con los desafíos productivos nacionales; (v) mejorar las condiciones de financiamiento para la implementación de proyectos de emprendimiento dinámico26; y (vi) promover la formalización y digitalización de las Micro, Pequeñas y Medianas
Empresas (MIPYMES).

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

El programa se alinea estratégicamente con el desafío de desarrollo de productividad e innovación, al promover nuevos mecanismos de estímulo a la inversión en innovación empresarial. El programa también se alinea con el área transversal de capacidad institucional y estado de derecho, al fortalecer la institucionalidad para la competitividad.

People Affected By This Project

People Affected By This Project refers to the communities of people likely to be affected positively or negatively by a project.

En atención a la Directiva B.13 de la Política de Medio Ambiente y Cumplimiento de Salvaguardias (OP-703), este programa no requiere clasificación de impactos
ex ante. La operación apoya la definición de políticas, normas, instrumentos de gestión y otras acciones de fortalecimiento institucional y no financia ningún tipo de
inversión específica en infraestructura u obras civiles por lo cual no se prevén impactos socioambientales negativos directos y significativos.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Inter-American Development Bank (IADB)

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Otros donantes. La cooperación suiza (SECO) viene apoyando MEF con el diseño del Fondo de Fondos, el Gobierno del Reino Unido está asistiendo con el BIM, el Gobierno de Israel apoya con mentores a empresas innovadoras, mientras que la cooperación americana (USAID y Forest) colaboran con el diseño del Plan de Investigación Forestal y de Fauna Silvestre. El Banco coordina con estos donantes procurando la complementariedad en las acciones promovidas por el programa.

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 IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).