Fourth Programmatic Fiscal Managment Development Policy Loan

Abstract*

The Peru Fourth Programmatic Fiscal Management and Competitiveness Development Policy Loan for US$100 million is the last in a programmatic series of Fiscal Management and Competitiveness Development Policy Loans (FMCDPL). The FMCDPL series, along with parallel Development Policy Loans (DPLs) in the areas of social policy and environment, were designed in close partnership with Government of Peru (GoP) and in line with its policy program- as outlined... Show More

Development Objective

The objectives are to support: (a) growth with equity, (b) fiscal adjustment, improve quality of public expenditures, and (c) public sector that facilitates private sector development.

Key Details

Project Details

Project ID
P116214
Status
Closed
Team Leader
Ekaterina Vostroknutova
Borrower 2
N/A

Country
Peru
Disclosure Date
June 29, 2010
Approval Date
(as of board presentation)
August 26, 2010
Effective Date
October 25, 2010

Total Project Cost 1
US$ 100.00 million
Implementing Agency
N/A
Region
Latin America and Caribbean
Fiscal Year 3
2011

Commitment Amount
US$ 100.00 million
Environmental Category
N/A
Last Update Date
August 16, 2023
Closing Date
December 31, 2011

Last Stage Reached
BANK APPROVED
Parent Projects
P106720

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 - Economic Policy

FY17 - Fiscal Policy8%
- FY17 - Tax policy8%
FY17 - Trade17%
- FY17 - Trade Facilitation17%

FY17 - Private Sector Development

FY17 - Business Enabling Environment17%
- FY17 - Regulation and Competition Policy17%
FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration25%
- FY17 - Transparency, Accountability and Good Governance25%
FY17 - Public Finance Management33%
- FY17 - Domestic Revenue Administration8%
- FY17 - Public Expenditure Management25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	100.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	100.00
IDA Commitment	N/A
IBRD + IDA Commitment	100.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	100.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Aug 26, 2010	IBRD-79540	Loan Commitment	100,000,000.00
Apr 15, 2014	IBRD-79540	Int Charges	369,055.56
Oct 15, 2013	IBRD-79540	Int Charges	406,666.70
Oct 15, 2014	IBRD-79540	Int Charges	350,750.00
Oct 15, 2016	IBRD-79540	Int Charges	696,416.70
Apr 15, 2016	IBRD-79540	Int Charges	493,083.34
Oct 15, 2015	IBRD-79540	Int Charges	427,000.00
Apr 15, 2015	IBRD-79540	Int Charges	364,000.00
Jul 26, 2017	IBRD-79540	Loan Repay	100,000,000.00
Jul 26, 2017	IBRD-79540	Int Charges	552,500.00
Jul 26, 2017	IBRD-79540	Int Charges	490,336.00
Apr 15, 2017	IBRD-79540	Int Charges	894,833.30

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2011-09-14
Monitoring and Evaluation	Satisfactory	2011-09-14
Program Management	Satisfactory	2011-09-14
Overall Implementation Progress (IP)	Satisfactory	2011-09-14

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-28-2012
Outcomes	Substantial
Risk to Development Outcome	Modest
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 02-15-2017	PROJECT PERFORMANCE ASSESSMENT REPORT: 02-04-2013
Outcome Rating	Moderately Satisfactory	Satisfactory
Risk To Development Outcome	Moderate	Moderate
Bank Performance	Moderately Satisfactory	Satisfactory
Borrower Performance	Satisfactory	Satisfactory
Government Performance		Satisfactory
Implementing Agency		Satisfactory
Icr Quality		Satisfactory
M&e Quality	Substantial	High

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Fiscal balance of the consolidate public sector Value -0.30 -0.90 0.00
Date December 31, 2005 December 31, 2010
Comment
Tax revenue of the central government Value 13.90 15.20 0.00
Date December 31, 2005 December 31, 2010
Comment
Percent of national budget resources in the Single Treasury Account Value 0.00 80.00 0.00
Date December 31, 2010
Comment There was no Single Treasury Account prior to the program.

Share of the national and regional governments' budget that is linked to performance indicators	Value	0.00	20.00	0.00
	Date		December 31, 2010
	Comment	There was no link to performance indicators for any budgetary expenditure

Fiscal balance of the consolidate public sector	Value	-0.30	-0.90	0.00
	Date	December 31, 2005	December 31, 2010
	Comment

Tax revenue of the central government	Value	13.90	15.20	0.00
	Date	December 31, 2005	December 31, 2010
	Comment