Peru: Second Programmatic Fiscal Management and Competitiveness Development Policy Loan

WASHINGTON, August 5, 2008- The following project wasapproved today by the World Bank’s Board of Executive Directors:

IBRD Loan: US$370 Million

TERMS: Maturity =21.5 years; Grace= 13.5 years

Project Description: This development policy loan is intended to be the second in a series of four loans supporting the Government of Peru’s reform program to improve the functioning of Peru’s public sector institutions and business environment. The loan supports two broad areas of policy reform -efficiency and quality of fiscal management- and competitiveness

Media Contact

Patricia da Camara at (202) 473-4019

pdacamara@worldbank.org