Support in the Preparation of the PBL for Productivity and Competitiveness Reforms (IADB-PE-T1414)

Countries
  • Peru
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
Bank Risk Rating
C
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
Oct 29, 2019
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
  • Industry and Trade
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.20 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)
$ 0.20 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 @ IADB website

Updated in EWS Nov 8, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

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.

Investment Description
  • Inter-American Development Bank (IADB)
Contact Information

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).