PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

581028

Primary Business Area

Sustainable Business Advisory

Disclosure Date

May 18, 2011

Country

Peru

Region

Latin America and the Caribbean

IFC Approval Date

Mar 8, 2011

Status

Active

Estimated Total Budget

$4,073,540.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Feb 15, 2011

Project Description

The project addresses the need for effective public investment of royalties paid to local governments in Peru by companies in the extractive industry. It provides information, capacity-building activities, and incentives to enable civil society groups and the media to demand good governance from their authorities. The objective is to improve the impact of royalties by strengthening local governance in 21 municipalities, as measured by a 1-point increase (20 percent, on a 1–5-point scale) in the Good Governance index by June 2014. The project also expects to contribute to creation of a friendlier environment for extractive industries by increasing receptivity to them among 20 percent the population and civil society groups.