According to the bank, the Goverment of Peru has requested an operation to Support Policy Reforms, under the programmatic modality, to increase productivity and competitiveness (PE-L1244). This loan amounts to US $ 50 million from the resources of the Ordinary Capital, and constitutes the first of two possible operations technically linked to each other, but financed independently. The objective of this technical cooperation is to support the development of a series of policy reforms aligned with this operation necessary for the fulfillment of its objectives of increasing productivity and competitiveness through the design and implementation of public policies aimed at: (i) strengthening the institutional framework for competitiveness; (ii) improve the business environment for investment, and (iii) improve the business environment for innovation.
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).