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Impact Evaluation of the COVID-19 Emergency Cash Transfers in Peru
The objective of this Technical Cooperation (TC) is to support the Peruvian Government in monitoring and evaluating the measures the authorities have implemented to counteract the COVID-19 pandemic's negative effects on the welfare of poor and vulnerable households. This TC will fund the impact evaluation of a large-scale public program that is delivering unconditional emergency cash transfers to almost 7 million poor and vulnerable households in Peru. The outputs produced by this TC will provide the Ministry of Finance in Peru with estimates of the effects of the cash grants on consumption, labor market participation, physical and mental health, mortality, domestic violence, human capital investment, and intrahousehold dynamics, as well as access to credit and default patterns. This TC will provide the Peruvian government with timely evidence that will enable them to improve their current policies aimed at supporting minimum consumption levels of poor and vulnerable people in the face of the crisis caused by COVID-19 and future emergencies.
Governments around the globe have imposed mandatory quarantines to contain the expansion of the COVID-19 pandemic. While these measures help to flatten the curve of contagion, they have triggered serious and unevenly spread economic consequences, particularly in a region, such as Latin America, with a large informal sector.
In Peru, the first country in Latin America and the Caribbean to introduce a compulsory shelter-in-place order, the government sought to smooth the impact of the shock on the consumption of vulnerable households by providing a series of emergency cash transfers, a policy adopted by over 100 countries across the globe. Since the pandemic began, the Peruvian government has given unconditional emergency cash transfers to almost 80% of the most vulnerable households in the country. To date, about 8 million households have received PEN 1520. This transfer is substantial, equivalent to twice the cost of the food basket used in the country to determine extreme poverty status for a family of four.
The transfers initially targeted poor and extremely poor households, but it was later extended to cover vulnerable households. After the announcement of the initial round of transfers early on during the pandemic, the government instituted a second round in October 2020. Given the emergence of a second wave and the delay in vaccination plans due to the country's political crisis, the Peruvian government announced a third round of transfers at the beginning of 2021 and mandated a second stay-at-home order during February.

Project Detail

Country

Peru

Project Number

PE-T1478

Approval Date

May 27, 2021

Project Status

Closed

Project Type

Technical Cooperation

Sector

SOCIAL INVESTMENT

Subsector

POVERTY ALLEVIATION

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 150,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 150,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-18619-PE Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-18619-PE
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-216186760-20
TC Document
Procurement Plan_19852.pdf
Jun. 03, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-216186760-21
TC Document
TC Document - Disclosure_47515.pdf
Jun. 03, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-216186760-18
TC Document
Results Matrix_93633.pdf
Jun. 03, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-216186760-19
TC Document
Terms of Reference_32860.pdf
Jun. 03, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-216186760-17
TC Document
Request from the Client_64665.pdf
Jun. 03, 2021
English

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