The
Ministry of Economy and Finance (MEF) has approved a contingent loan with the
International Bank for Reconstruction and Development (IBRD) for US$500 million.
Through Supreme Decree No. 156-2025-EF, published Friday in the Official Gazette El Peruano, the operation was approved under the name "Green and Resilient Development Policy Loan for a Decarbonized Economy in Peru – Phase One."
This contingent loan may be used up to the closing date established in the contract and will be repaid in 25 semiannual, consecutive, and, as far as possible, equal installments, starting on February 15, 2031, and ending on February 15, 2043.
The repayment schedule may be modified at the time of each disbursement request, in accordance with the IBRD's financial policy.
The regulation states that the contingent loan is subject to an upfront fee of 0.25% of the loan amount and a standby fee (commitment fee) of 0.50% per year.
The MEF, through the General Directorate of the Public Treasury, is authorized to exercise Currency Conversion, Interest Rate Basis Conversion, and Interest Rate Cap options under the framework of the approved contingent loan.
For this purpose, the Director General of the Public Treasury at the MEF is authorized to sign, on behalf of the Republic of Peru, the conversion instructions, as well as any documentation required to implement the aforementioned conversions.
The executing unit for the Green and Resilient Development Policy Loan for a Decarbonized Economy in Peru – Phase One is the MEF, through the General Directorate of the Public Treasury.
The repayment of principal, interest, fees, and other expenses arising from the contingent loan will be covered by the MEF using budgetary resources allocated for public debt service.
(END) CNA/MVB
Published: 8/1/2025