PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600268

Primary Business Area

Infrastructure and Natural Resources

Disclosure Date

Jul 20, 2016

Country

Peru

Region

Latin America and the Caribbean

IFC Approval Date

Jun 2, 2015

Status

Completed

Estimated Total Budget

$4,707,070.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 27, 2019

Project Estimated End Date

Dec 29, 2017

Project Description

The project will work in Apurimac with municipalities and local leaders so that they can take advantage of the opportunities brought about by mining companies working in the region. They will also be better prepared to respond to the needs and challenges that may arise from the mining by effectively and responsibly investing the royalties they will receive.

The aim of the project is to help municipalities improve their governance and empower local leaders so that they can effectively invest the royalties in their communities. The idea is to provide them with a framework so that their discussions are around the needs, challenges and opportunities that mining brings to their localities. Finally, these tools will set the ground for a real transformation triggered by the presence of mining companies in the region.

The project design has been structured around governance improvement responding to the following 3 aspects:
- Responsiveness: Municipalities deliver services consistent with citizen needs and priorities, reacting to impacts and opportunities generated by the presence of mining.
- Responsibility: Municipalities manage their budget effectively in terms of cost and time, improving their practices to manage resources.
- Accountability: Mayors implement social accountability actions which are driven by; their understanding of the benefits of transparency and the demand of the civil society .

The project builds on the effort, experience, methodologies, and lessons learnt from the Municipal Royalty Investment (MRI) and the Improving Municipal Investment (MIM Peru) projects.

Development Results

E&S Risks / Impacts and Mitigation