PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

583008

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

$3,840,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Feb 14, 2011

Project Description

The project works directly with municipalities receiving extractive-industry royalties in Peru, providing relevant information, training, and tools; promoting the adoption of good practices; providing on-demand Web-based services to local officers; and involving the private sector in subnational government capacity building. The objective is to improve the investment capacity in at least 21 of the 30 selected municipalities, as measured by a 20 percent increase in the assessment rating of their investment management practices, by June 2014. In addition, 10 municipalities are expected to be reached indirectly through third parties that have adopted the tools and methodologies made available by the project, and 1,000 local officers are expected to have improved their ability to make more informed decisions with the support of a Web-based platform. Anticipated impact includes benefiting 250,000 inhabitants through access to new or improved public infrastructure for basic services or for income-generating activities in the 30 municipalities.