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PE-T1471 : Beyond Extraction (Phase II): SME and labor market strengthening in Moquegua, Peru

Project Status: Implementation

The Beyond Extraction II project aims to increase socioeconomic benefits for the communities of Ilo and Mariscal Nieto (Moquegua, Peru) located in the area of influence of large mining operations, with a focus on women and youth, and innovation. In the aftermath of the COVID-19 pandemic, the program will focus on supporting the reactivation of economic activities and strengthening the local labor market in the targeted communities by: (i) strengthening key value chains and productive sectors that can significantly contribute to the economic recovery and have a multiplier effect; and (ii) promoting greater labor market efficiency. The program will deploy a systemic approach and engage with public and private sector actors that have the incentives and influence to impact the entire ecosystem, providing them with innovative tools to grow their businesses and better leverage the local labor market capabilities. A collaborative effort between the IDB and local private sector entities, led by Anglo American and Mitsubishi Corp. (owners of the Quellaveco project, the largest mining project currently in construction in Peru) the Beyond Extraction II Program will leverage lessons learned from the successful implementation of the Beyond Extraction Program (2016-2020) to further scale local impact investment efforts. The effort will also draw from knowledge and projects from other organizations in Moquegua that also aim at enhancing the region´s competitiveness.

Project Detail

Project Number
PE-T1471
Approval date
July 07, 2021
Project Country
Peru
Project Sector
ENERGY
Project Subsector
NEW OIL AND GAS AND EXTRACTIVE INDUSTRIES
Project Type
Technical Cooperation
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/JO-18674-PE

Financial Information

Project Number
PE-T1471
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Japan Poverty Reduction Program
Reporting currency
USD - United States Dollar
Reporting date
Jun/24/2022

Roles & Responsibilities

Contract signature date
Aug/27/2021

Project Information

Total Cost
USD 666,667
Country counterpart financing
USD 66,667
Amount
USD 600,000

Preparation

Title
Type
Project Number
Date Published
TC Abstract
PE-T1471
July 13, 2021

Approved