IBRD Loan: US$100 million
Terms: Maturity = 13.5 years; Grace = 11 years
Project ID: P116214
Project Description: The loan’s development objective is to contribute to growth and poverty alleviation by supporting two main policy areas: efficiency and quality of fiscal management and competitiveness. Peru entered the global crisis in a solid position and has managed its challenges well. Good macroeconomic fundamentals and appropriate policy responses to the crisis moderated the negative impact of weaker external demand and external shocks.