Investing in Human Capital

Abstract*

The Investing in Human Capital Development Policy Loan (DPL) aims to support the Government of Peru (GoP) in strengthening sectoral strategies to develop effective policies for human capital accumulation. The GoP - an early adopter of the World Bank’s Human Capital Project is committed to elevating policy dialogue around investments in human capital. By coordinating the efforts of multiple agencies, this DPL will support the GoP in its ‘whole-of-government’... Show More

Development Objective

The Program Development Objective (PDO) is to support authorities' efforts in developing effective policies for human capital accumulation towards: (a) improving delivery of social protection and early childhood development services; and (b) improving teacher management and professional development systems.

Key Details

Project Details

Project ID
P170477
Status
Closed
Team Leader
Renata Lemos , Igor Kheyfets, Hugo Brousset Chaman
Borrower 2
Republic of Peru

Country
Peru
Disclosure Date
March 29, 2019
Approval Date
(as of board presentation)
March 24, 2020
Effective Date
December 18, 2020

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance
Region
Latin America and Caribbean
Fiscal Year 3
2020

Commitment Amount
US$ 50.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 30, 2021

Last Stage Reached
BANK APPROVED
Last Update Date
May 24, 2024

Associated Projects
P176387

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 - Climate change11%
- FY17 - Adaptation10%
- FY17 - Mitigation1%

FY17 - Human Development and Gender

FY17 - Education71%
- FY17 - Access to Education14%
- FY17 - Teachers56%
FY17 - Gender14%
FY17 - Nutrition and Food Security14%
- FY17 - Nutrition14%

FY17 - Social Development and Protection

FY17 - Social Inclusion14%
FY17 - Social Protection28%
- FY17 - Social Safety Nets28%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	50.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	50.00
IDA Commitment	N/A
IBRD + IDA Commitment	50.00

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

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

No data available.

Detailed Financial Activity as of April 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Feb 15, 2024	IBRD-90680	Int Charges	14,539.54
Feb 15, 2022	IBRD-90680	Int Charges	176,333.34
Mar 24, 2020	IBRD-90680	Loan Commitment	50,000,000.00
Aug 15, 2024	IBRD-90680	Int Charges	9,188.92
Aug 15, 2024	IBRD-90680	Int Charges	1,590,610.10
Feb 15, 2023	IBRD-90680	Int Charges	80,743.72
Feb 15, 2023	IBRD-90680	Int Charges	1,101,878.90
Aug 15, 2023	IBRD-90680	Int Charges	52,428.65
Aug 15, 2023	IBRD-90680	Int Charges	1,364,576.10
Aug 15, 2022	IBRD-90680	Int Charges	294,891.16
Jan 29, 2021	IBRD-90680	Fee Charges	125,000.00
Feb 5, 2021	IBRD-90680	Loan Disb	50,000,000.00
Aug 15, 2021	IBRD-90680	Int Charges	10,555.56
Aug 15, 2021	IBRD-90680	Int Charges	183,513.89
Feb 15, 2024	IBRD-90680	Int Charges	1,585,162.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Satisfactory	2021-06-14
Progress towards achievement of PDO	Satisfactory	2021-06-14
Monitoring and Evaluation	Satisfactory	2021-06-14
Program Management	Satisfactory	2021-06-14

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-24-2024
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 10-18-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Percentage of children under the age of 1 that receive prioritized ECD services when age appropriate in the prioritized areas.	Value	41.80	40.08	50.00
	Date	December 31, 2018	April 3, 2023	December 6, 2022
	Comment

Monthly average percentage of total teleconsultations and interteleconsultations by patients of SIS Value 0.00 82.00 50.00
Date December 31, 2020 December 6, 2022 December 6, 2022
Comment

Percentage of graduates from licensed Teacher Training Schools (EESP) that take and pass the initial national examination (Prueba Única Nacional) for entering the public teaching career	Value	12.00	40.00	18.00
	Date	December 31, 2019	December 18, 2023	December 6, 2022
	Comment

Percentage of children under the age of 1 who entered JUNTOS during the pandemic response expansion, who have received the basic package of health services	Value	0.00	78.80	60.00
	Date	December 31, 2020	December 6, 2022	December 6, 2022
	Comment

Human resource gap as a percentage of available human resources Value 37.20 33.20 35.10
Date December 31, 2020 December 6, 2022 December 6, 2022
Comment

Percentage of vacancies in rural schools offered in the national contest for entering the public teaching career (Concurso de Nombramiento) filled with tenured teachers	Value	22.00	66.00	27.00
	Date	December 31, 2018	April 8, 2024	December 6, 2022
	Comment

Percentage of children under the age of 1 who entered Cuna Más during the pandemic response expansion, who received family support services	Value	0.00	79.10	56.00
	Date	December 31, 2020	December 6, 2022	December 6, 2022
	Comment

Percentage of eligible population that is registered in the National Vaccination Registry Value 0.00 100.00 98.00
Date December 31, 2020 December 6, 2022 December 6, 2022
Comment
Percentage of contracted teachers in rural areas in the previous year that have renewed their contract Value 34.00 73.00 49.00
Date December 31, 2019 December 6, 2022 December 6, 2022
Comment

Number of districts of prioritized areas that have the tools in place for territorial coordination and district monitoring of the integrated package of prioritized ECD services	Value	0.00	395.00	250.00
	Date	December 31, 2019	December 6, 2022	December 6, 2022
	Comment

Percentage of targeted students and teachers receiving tablets Value 3.70 78.20 50.00
Date April 9, 2021 December 6, 2022 December 6, 2022
Comment

Percentage of teacher employment records consistent between the staff allocation, staff payroll, and staff trajectory databases	Value	92.00	97.80	100.00
	Date	December 31, 2019	September 6, 2023	December 6, 2022
	Comment

Percentage of filled vacancies for managerial positions selected through a merit-based evaluation (Concurso de Acceso) Value 58.00 63.00 63.00
Date December 31, 2018 April 8, 2024 December 6, 2022
Comment

Percentage of vacancies for managerial positions in rural schools selected through a merit-based evaluation (Concurso de Acceso) that are filled by female teachers	Value	25.00	36.00	27.00
	Date	December 31, 2018	April 8, 2024	December 6, 2022
	Comment

Human resource gap as a percentage of available human resources	Value	37.20	33.20	35.10
	Date	December 31, 2020	December 6, 2022	December 6, 2022
	Comment

Percentage of contracted teachers in rural areas in the previous year that have renewed their contract	Value	34.00	73.00	49.00
	Date	December 31, 2019	December 6, 2022	December 6, 2022
	Comment

Percentage of targeted students and teachers receiving tablets	Value	3.70	78.20	50.00
	Date	April 9, 2021	December 6, 2022	December 6, 2022
	Comment

Percentage of filled vacancies for managerial positions selected through a merit-based evaluation (Concurso de Acceso)	Value	58.00	63.00	63.00
	Date	December 31, 2018	April 8, 2024	December 6, 2022
	Comment