Peru programs / Peru project 527000001 · 1979 · agriculture
EVALUATES LOAN TO THE GOVERNMENT OF PERU TO ESTABLISH A FACILITY IN THE CENTRAL RESERVE BANK OF PERU (CRB) FOR REDISCOUNTING LOANS MADE BY INTERMEDIATE CREDIT INSTITUTIONS (ICI'S) TO SUB-BORROWERS PROVIDING PRODUCTS OR SERVICES TO THE AGRICULTURAL SECTOR, AND TO ESTABLISH A PROGRAM TO DEVELOP AGRIBUSINESSES OF BENEFIT TO LOW-INCOME GROUPS, INCLUDING SMALL FARMERS. EVALUATION, INCLUDED AS AN AGRICULTURAL SECTOR REPORT, COVERS THE PERIOD 5/31/78 TO 3/31/79 AND IS BASED ON PROJECT FILES/FINANCIAL RECORDS, INTERVIEWS, AND ONSITE VISITS. CRB REDISCOUNT MECHANISM IS TO CONSIST OF AN INITIAL CAPITALIZATION OF $19.6 MILLION, OF WHICH $14.7 MILLION WILL BE LOAN FUNDS AND $4.9 MILLION WILL BE PROVIDED BY CRB. IN 9/78, USAID ADVANCED $2,933,842 (S/. 576.5 MILLION) OF LOAN FUNDS TO CRB FOR SUB-PROJECTS ALREADY APPROVED BY CRB. SUB-LENDING OF THESE FUNDS HAS BEEN SLOW, HOWEVER, AS ICI'S HAVE NOT REQUESTED FUNDS AS FAST AS ANTICIPATED. AS OF 3/31/79, ONLY 3 SUB-LOANS, IN THE TOTAL AMOUNT OF S/. 95.3 MILLION, HAD BEEN MADE, S/. 71.5 OF LOAN FUNDS AND S/. 23.8 OF GOP COUNTERPART FUNDS. (THE LOAN AGREEMENT PROVIDES THAT FOR EACH $3 OF LOAN FUNDS DISBURSED FOR SUB-LOANS, GOP WILL PROVIDE THE SOL EQU
Source: DEC abstract, PD-AAF-574-A1 (1979). The source's own text.
Operated in: Peru.
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Operated in Peru, 1979 1 source
Scope: country: Peru. The award code belongs to this country's mission. High confidence.
How sure we are: 0.9.
| Name | Years | Basis | Evidence |
|---|---|---|---|
| USAID. Ofc. of the Auditor General. Area Auditor General. Latin America |
| 1979 |
| Stated in a document |
| 1 source |
| Name | Years | Basis | Evidence |
|---|---|---|---|
| Peru | 1979 | Stated in a document | 1 source |
Sector profile (computed): Agriculture: agribusiness, processing, marketing, agricultural finance 55%; Financial sector (banks, credit, microfinance, markets) 15%; Agriculture: policy, land tenure and land reform 5%
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Program key prj:527000001