Cusco Regional Development

Abstract*

The development objective of the Cusco Regional Development Project for Peru is to improve the quality of tourism and solid waste management services and increase the resilience of the tourism sector to the impacts of natural disasters in the provinces of Calca, Urubamba, and Cusco. The project has four components. The first component is development and consolidation of tourism services. The objective of this component is to improve the quality and... Show More

Development Objective

To improve the quality of tourism and solid waste management services and increase the resilience of the tourism sector to the impacts of natural disasters in the provinces of Calca, Urubamba, and Cusco.

Key Details

Project Details

Project ID
P117318
Status
Closed
Team Leader
Sergio Dell'anna , Zoe Trohanis
Borrower 2
REPUBLIC OF PERU

Country
Peru
Disclosure Date
April 20, 2010
Approval Date
(as of board presentation)
November 22, 2013
Effective Date
November 3, 2014

Total Project Cost 1
US$ 52.10 million
Implementing Agency
Cusco Regional Government
Region
Latin America and Caribbean
Fiscal Year 3
2014

Commitment Amount
US$ 35.00 million
Environmental Category
A
Environmental and Social Risk
Not Applicable
Closing Date
June 15, 2019

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
January 11, 2021

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 - Environment and Natural Resource Management

FY17 - Environmental Health and Pollution Management39%
- FY17 - Air quality management13%
- FY17 - Soil Pollution13%
- FY17 - Water Pollution13%

FY17 - Finance

FY17 - Finance for Development2%
- FY17 - Disaster Risk Finance2%

FY17 - Private Sector Development

FY17 - Business Enabling Environment18%
- FY17 - Investment and Business Climate18%
FY17 - Jobs100%

FY17 - Urban and Rural Development

FY17 - Cultural Heritage36%
FY17 - Disaster Risk Management6%
- FY17 - Disaster Preparedness2%
- FY17 - Disaster Response and Recovery2%
- FY17 - Disaster Risk Reduction2%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	35.00
Borrower/Recipient	17.10

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	35.00
IDA Commitment	N/A
IBRD + IDA Commitment	35.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	52.10

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$)
Nov 22, 2013	IBRD-83060	Loan Commitment	35,000,000.00
Oct 15, 2020	IBRD-83060	Loan Repay	42,614.98
Apr 7, 2016	IBRD-83060	Loan Disb	1,000,000.00
Oct 15, 2016	IBRD-83060	Int Charges	193.33
Oct 15, 2016	IBRD-83060	Int Charges	6,455.82
Apr 15, 2017	IBRD-83060	Int Charges	8,442.78
Oct 15, 2017	IBRD-83060	Int Charges	9,404.17
Sep 13, 2017	IBRD-83060	Loan Disb	185,195.19
Nov 27, 2017	IBRD-83060	Loan Disb	707,227.70
Sep 21, 2017	IBRD-83060	Loan Disb	856,195.56
Aug 24, 2017	IBRD-83060	Loan Disb	155,915.69
Dec 14, 2017	IBRD-83060	Loan Disb	753,999.30
Jan 26, 2018	IBRD-83060	Loan Disb	608,387.40
Apr 15, 2018	IBRD-83060	Int Charges	1,837.61
Apr 15, 2018	IBRD-83060	Int Charges	35,281.87
Apr 27, 2018	IBRD-83060	Loan Disb	432,317.94
Jun 28, 2018	IBRD-83060	Loan Cancel	18,946,216.00
Oct 15, 2018	IBRD-83060	Loan Repay	939,847.75
Oct 15, 2018	IBRD-83060	Int Charges	70,043.90
Dec 5, 2018	IBRD-83060	Loan Disb	75,491.88
Feb 14, 2019	IBRD-83060	Loan Disb	-2,450,800.00
Apr 15, 2019	IBRD-83060	Int Charges	-47,563.00
Apr 15, 2019	IBRD-83060	Loan Repay	-346,020.72
Apr 15, 2019	IBRD-83060	Int Charges	47,563.00
Apr 15, 2019	IBRD-83060	Loan Repay	346,020.72
Apr 15, 2019	IBRD-83060	Int Charges	47,563.00
Apr 15, 2019	IBRD-83060	Loan Repay	346,020.72
Nov 21, 2019	IBRD-83060	Loan Disb	-3,013.34
Oct 15, 2019	IBRD-83060	Loan Repay	44,121.65
Oct 15, 2019	IBRD-83060	Int Charges	15,335.26
Oct 15, 2019	IBRD-83060	Int Charges	-15,335.26
Oct 15, 2019	IBRD-83060	Loan Repay	-44,121.65
Oct 15, 2019	IBRD-83060	Int Charges	15,335.26
Oct 15, 2019	IBRD-83060	Loan Repay	44,121.65
Nov 21, 2019	IBRD-83060	Loan Cancel	14,638,565.00
Sep 30, 2019	IBRD-83060	Loan Disb	-905,697.20
Apr 15, 2020	IBRD-83060	Loan Repay	42,614.98
Apr 15, 2020	IBRD-83060	Int Charges	1,077.78
Oct 15, 2020	IBRD-83060	Int Charges	372.59
Dec 18, 2014	IBRD-83060	Fee Charges	87,500.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Counterpart Funding	Moderately Unsatisfactory	2019-06-14
Project Management	Unsatisfactory	2019-06-14
Progress towards achievement of PDO	Unsatisfactory	2019-06-14
Procurement	Unsatisfactory	2019-06-14
Financial Management	Unsatisfactory	2019-06-14
Monitoring and Evaluation	Unsatisfactory	2019-06-14
Overall Implementation Progress (IP)	Unsatisfactory	2019-06-14

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-11-2019
Outcomes	Unsatisfactory
Risk to Development Outcome
Bank Performance	Unsatisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-07-2020	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Highly Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Negligible	N/a

Results Framework