14:56 | Lima, Oct. 30 (ANDINA).
The second phase of the Peru Poverty Reduction and Alleviation (PRA) Project, an initiative of The United States Agency for International Development in Peru (USAID-Peru), will begin with an investment of $20 million.
According to the executive director of Peru's Sierra Exportadora, Gaston Benza Pfluker, USAID-Peru will allocate $15 million while the private sector will provide the remaining $5 million.
The Peru Poverty Reduction and Alleviation Project (PRA) was designed to contribute to poverty reduction by generating sustainable income and employment opportunities and mobilizing private-sector investment in key economic corridors, defined as natural commercial networks linking rural areas with intermediate cities that exhibit high rates of poverty and the potential for economic growth.
The project contributes to the reduction of poverty through the generation of sustainable income and employment, promoting and providing productive businesses in 10 Economic Service Centers (ESCs) to assist individual client firms to overcome specific obstacles to business expansion.
PRA starts by identifying a specific demand, and then works backwards, through technical assistance and organization of supply, to meet that demand. Furthermore, PRA places special emphasis on assisting alternative development zones in areas with illicit coca production.
(END) PGS/EEP
Publicado: 30/10/2010