Andina

MEF: Peru to receive US$640 million from the IDB to address emergencies

08:53 | Lima, Dec. 12.

Economy and Finance Minister Jose Arista announced that Peru will receive US$640 million from the Inter-American Development Bank (IDB) to address the country's emergencies, whether climatic or health-related ones, as well as to enhance agricultural innovation and the Ministry of Development and Social Inclusion (Midis) information system.

The Ministry of Economy and Finance (MEF) approved three external debt operations for a total amount of US$640 million.

"The first one, which is the largest, is worth US$500 million to deal with unforeseen events due to the occurrence of natural disasters, health emergencies, financial crises, among others; the entity that lends us is the IDB, that is, the Inter-American Development Bank," Arista indicated.

"The second loan amount, which is US$55 million, also financed by the IDB, is to fund the 'Enhancement of Information Services of the Ministry of Development and Social Inclusion (Midis) Project' within the framework of the national focalization system," he added.

Arista said these resources will allow for better targeting of all the work or social services carried out by Midis, so that attention will be focused on those who truly need it, that is, on the country's most vulnerable population.
"The third loan is also linked to the IDB, worth US$85 million; it is to finance the 'Enhancement of the Network of Innovation Services, Technological Transfer, and Agricultural Technological Extension Project' in six experimental stations of INIA, the National Institute of Agrarian Innovation," he explained.

Arista said the stations are located in Cajamarca, Junin, Huancavelica, Pasco, Puno, Cusco, San Martin, and Lambayeque regions. He added the project will be executed by the Ministry of Agrarian Development and Irrigation (Midagri).

"(...) the last one is a project focused on the future of agricultural development nationwide," Arista underlined.

"We have always had an agricultural development project on the coast, and with this, we aim to incorporate innovation and new products. We want to integrate the land in a way that mirrors the Sierra Exportadora initiative, as outlined by the program of the Ministry of Agrarian Development and Irrigation," he added.

Remarks were made during a press briefing on Wednesday afternoon following the Council of Ministers session held at the Government Palace in Lima.

(END) MDV/MVB

Published: 12/12/2024