IBRD LOAN: US$200 million
TERMS: Grace Period=6.5 years; Maturity=11.5 years.
PROJECT DESCRIPTION: The US$200 million First Programmatic Fiscal Management and Competitiveness Development Policy Loan is the first in a series of possibly three or four loans supporting the government’s reform plan to improve the functioning of Peru’s public sector institutions and business environment. The programmatic series on improving fiscal management and competitiveness is at the core of the CPS’s proposed assistance program and directly addresses the economic growth pillar. This loan focuses on two broad areas of policy reform: efficiency and quality of fiscal management, and competitiveness.
