REAL PROPERTY RIGHTS CONSOLIDATION PROJECT

Abstract*

The Real Property Rights Consolidation Project will consolidate the decentralization and sustainability of a quality, real property rights system, to facilitate access for the Peruvian population. This system will enhance the welfare of real property owners, and facilitate access to economic opportunities. It will further reduce the negative impacts of informality, ensuring the legal security of property rights, completing conversion of informal tenure... Show More

Development Objective

The main objective of the Project is to consolidate a decentralized and sustainable quality real property rights system that facilitates access for the Peruvian population. This system will enhance the welfare of real property owners and facilitate access to economic opportunities.Even though the Project cannot eliminate all forms/causes of informal tenure, it will reduce the negative impacts of informality and discourage further informality by consolidating the legal security of property rights, completing conversion of informal tenure, and building capacity to address its causes through strategic partnerships of various levels of Government and key stakeholders in the private sector and civil society. The proposed system will also provide support to the ongoing decentralization program of GoP through the institutional strengthening of Participating Municipalities.

Key Details

Project Details

Project ID
P078894
Status
Closed
Team Leader
Diego R. Dorado Hernandez
Borrower 2
N/A

Country
Peru
Disclosure Date
October 24, 2005
Approval Date
(as of board presentation)
March 14, 2006
Effective Date
January 31, 2007

Total Project Cost 1
US$ 35.00 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
2006

Commitment Amount
US$ 25.00 million
Environmental Category
C
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2012

Last Stage Reached
BANK APPROVED
Last Update Date
January 15, 2013

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Private Sector Development

FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration26%
- FY17 - Administrative and Civil Service Reform8%
- FY17 - Municipal Institution Building18%
FY17 - Rule of Law50%
- FY17 - Personal and Property Rights50%

FY17 - Urban and Rural Development

FY17 - Rural Development25%
- FY17 - Land Administration and Management25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	25.00
Borrower/Recipient	10.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	25.00
IDA Commitment	N/A
IBRD + IDA Commitment	25.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	35.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 14, 2006	IBRD-73680	Loan Commitment	25,000,000.00
Aug 15, 2013	IBRD-73680	Int Charges	68,030.01
Feb 15, 2014	IBRD-73680	Int Charges	63,364.06
Aug 15, 2013	IBRD-73680	Int Charges	54.55
Aug 15, 2015	IBRD-73680	Int Charges	60,413.06
Aug 15, 2016	IBRD-73680	Int Charges	107,030.15
Feb 15, 2015	IBRD-73680	Int Charges	56,540.24
Feb 15, 2016	IBRD-73680	Int Charges	75,062.02
Feb 15, 2017	IBRD-73680	Int Charges	141,350.58
Feb 15, 2017	IBRD-73680	Loan Repay	19,072,794.00
Aug 15, 2014	IBRD-73680	Int Charges	55,618.37

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Financial Management	Moderately Satisfactory	2012-03-19
Counterpart Funding	Satisfactory	2012-03-19
Monitoring and Evaluation	Satisfactory	2012-03-19
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2012-03-19
Progress towards achievement of PDO	Moderately Unsatisfactory	2012-03-19
Procurement	Moderately Satisfactory	2012-03-19
Project Management	Satisfactory	2012-03-19

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-04-2013
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Modest
Bank Performance	Moderately Satisfactory
Borrower Performance	Moderately Unsatisfactory
Government Performance	Substantial
Implementing Agency	Moderately Unsatisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 12-12-2013	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome	Moderate	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Moderately Satisfactory	N/a
Icr Quality	Satisfactory	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Low formalization and cadastre costs for GoP.	Value	Average titling unit costs not higher than $100 pe	62	64
	Date		January 31, 2012	June 30, 2012
	Comment	Determined under Urban Property Rights Project	To be updated after impact evaluation scheduled for first half of 2012.

Increased number of integrated real property cadastre and registry records.	Value	400,000	5,823,770
	Date	January 31, 2012	June 30, 2012
	Comment	Amicable contract dissolution being discussed between SUNARP management and contractor, and alternatives for completion discussed.	End target was revised in Restructuring Paper approved on June 24, 2011.

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Multi-sectoral commission established and operational. Value 0 1
Date November 3, 2006 January 31, 2012 June 30, 2012
Comment Achieved

Diagnostic studies finalized (including subjects like cost-benefit, credit practices and land allocation).	Value	0	4	4
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Achieved. 4 Consultancies to prepare legal reform proposals/studies finalized. Proposals to be disseminated through national andinternational events.

Workshops held with key stakeholders on real property rights issues	Value	0	4	3
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Achieved. 5 seminars and 4 participatory workshops have been held in Lima, Piura, Cajamarca, Chiclayo Trujillo and Ayacucho

80 Provincial Municipalities provided formalization services with the technical assistance of COFOPRI under Participation Agreements.	Value	0	50	80
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Cofopri working in 50 Provincial Municipalities. According to new legal framework, COFOPRI is now the institution in charge offormalization and titling; municipalities are involved in capacity building activities.Strategic decision was made since inceptionof the project to avoid spreading project resources too thin in order to concentrate ina critical mass of municipalities withhighest formalization potential.	End target was revised in Restructuring Paper approved on June 24, 2011.

Approximately 300,000 titles issued by Provincial Municipalities with the technical assistance of COFOPRI.	Value	0	307,913	300,000
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Achieved.	End target was revised in Restructuring Paper approved on June 24, 2011.

56 District Municipalities provided cadastre services with the technical assistance of COFOPRI, under Participation Agreements.	Value	0	59	56
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Achieved.	End target was revised in Restructuring Paper approved on June 24, 2011.

Approximately 536,000 properties cadastered by District Municipalities with the technical assistance of COFOPRI. Value 0 544,762 535,639
Date November 3, 2006 January 31, 2012 June 30, 2012
Comment Achieved.
45 permanent continuous monitoring GPS stations installed Value 0 45 14
Date November 3, 2006 January 31, 2012 June 30, 2012
Comment Achieved.
4,955 control points added to geodetic network. Value 0 4,955 4,955
Date November 3, 2006 January 31, 2012 June 30, 2012
Comment Achieved.

124,000 property owners and 102,000 high school students reached by registry culture campaign.	Value	0	143,534 and 11,895	124,000 and 102,000
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		In progress already.

8,000 micro-entrepreneurs and 99,000 high school students obtain access to credit information.	Value	0	9,156 and 11,895	8,000 and 99,000
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		In progress already.

129,000 recently formalized owners use real property exchange. Value 0 143,534 129,000
Date November 3, 2006 January 31, 2012 June 30, 2012
Comment Achieved.

855 community leaders and 60,000 high school students reached by property respect campaign.	Value	0 and 0	890 and 11,895	855 and 60,000
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		In progress already.

COFOPRI#s Average titling unit costs not higher than $100 per title Value 192.00 62.00 64.00
Date November 3, 2006 January 31, 2012 June 30, 2012
Comment Achieved.

Legal andregulatory reform proposals identified, prepared and agreed upon for real property rights, land administration and allocation, investment & credit promotion & inter-institutional coordination	Value	4	3
	Date	January 31, 2012	June 30, 2011
	Comment	Achieved. 4 consultancies to prepare legal reform proposals/studies in progress. International Seminar on Property Rights carriedout.

5,823,000 property registry records under a new registry model.	Value	0.00	400000.00	5823770.00
	Date	November 3, 2006	January 31, 2012	June 30, 2011
	Comment		Amicable contract dissolution being discussed between SUNARP management and contractor, and alternatives for completion discussed.r.

National capacity-building strategy developed, including new formalization processes and partnerships.	Value	National Capacity Building Strategy finalized.
	Date	January 31, 2012	June 30, 2012
	Comment	Achieved.

Improved services to registry users Value
Date January 31, 2012 June 30, 2012
Comment 400,000 property records have been migrated. Evaluation will be held at the end of record migration.

Satisfactory evaluation of cultural appropriateness of formalization and cadastre services for indigenous peoples and women	Value
	Date	January 31, 2012	June 30, 2012
	Comment	Not yet due. Communications strategy for registry, credit and respect to property culture approved, and implementation ofeducational campaigns in progress.

Approximately 536,000 properties cadastered by District Municipalities with the technical assistance of COFOPRI.	Value	0	544,762	535,639
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Achieved.

4,955 control points added to geodetic network.	Value	0	4,955	4,955
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Achieved.

129,000 recently formalized owners use real property exchange.	Value	0	143,534	129,000
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Achieved.

COFOPRI#s Average titling unit costs not higher than $100 per title	Value	192.00	62.00	64.00
	Date	November 3, 2006	January 31, 2012	June 30, 2012
	Comment		Achieved.

Improved services to registry users	Value
	Date	January 31, 2012	June 30, 2012
	Comment	400,000 property records have been migrated. Evaluation will be held at the end of record migration.