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PE (CRL) Guarantee Facility

Abstract*

The Guarantee Facility Project will support private sector funding for the country's large infrastructure investment needs, and as well, improve investor confidence. The project includes one component: the establishment of a Partial Risk Guarantee Facility in support of Peru's future infrastructure public-private partnership projects. ProInvest, in agreement with the Government of Peru, has identified a pipeline of 15 projects potentially eligible...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

OLD.The task will consist in helping the Government of Peru creating a Guarantee Facility for future infrastructure projects. The facility will dispose of a pre-authorized financial envelope available to award World Bank partial risk guarantees to infrastructure concessions and privatizations in Peru. Criteria will be pre-agreed upon regarding the type of projects eligible to apply for a guarantee, as well as regarding eligible risks.The Guarantee Facility will enable the Government of Peru to carry forward its remaining privatization / concession program. The latter includes about 15 projects in most infrastructure sectors. Most of these projects are not financially viable without some form of Government subsidy or guarantee, although all are economically desirable for the country. Therefore, the Government intends to bid the projects to the private sector, allowing for the possibility of some pre-defined form of Government subsidies. For each project, the amount of subsidy would constitute the bid criterion so as to minimize its value.The proposed World Bank partial risk guarantees would back up the Government of Peru's guarantee and subsidy obligations resulting from its contractual agreements with future concessionaires.Preparation of the task will be funded via a credit line.

Key Details

Project Details

  • P088923

  • Closed

  • Rogelio C. Marchetti

  • N/A

  • Peru

  • July 29, 2004

  • (as of board presentation)

    April 28, 2005

  • N/A

  • US$ 707.00 million

  • N/A

  • Not Applicable

  • June 23, 2010

  • BANK APPROVED

  • December 19, 2024

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IBRD Guarantee 200.00
Andean Development Corporation 700.00
Inter-American Development Bank 7.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 707.00
Total Project Cost** 907.00

Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Apr 28, 2005 IBRD-B1220 Loan Commitment 200,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.