The measure was authorized through Supreme Decree No. 072-2026-EF, published in Official Gazette El Peruano.
It is framed under the program titled "Complying with OECD Standards: Governance and Equal Opportunities (Phase I)."
Under the agreement, repayment of external indebtedness will be made in 14 semiannual, consecutive, and as far as possible equal installments, in accordance with the loan contract.
Payments are scheduled to begin on May 15, 2029, and conclude on November 15, 2035, in line with KfW policies on repayment terms.
The loan carries a variable interest rate based on the six-month EURIBOR, plus a fixed margin to be determined by KfW at the time of signing.
The rate may later be converted into a fixed rate, in accordance with the bank's interest rate policy.
In addition, the external indebtedness includes a non-refundable commitment fee of 0.25% per year on the undisbursed loan balance, along with a one-time, non-refundable management fee of 0.75% of the total amount.
The executing unit of the program "Complying with OECD Standards: Governance and Equal Opportunities (Phase I)" is the MEF, through the General Directorate of Public Treasury.
The decree authorizes the Economy and Finance Minister, or a designated representative, to sign the external indebtedness agreement on behalf of the Republic of Peru.