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Forest Investment Projects in Peru
The operation's objective is to contribute to the national targets set to reduce the greenhouse gas (GHG) emissions resulting from deforestation in the Peruvian Amazon.

Project Detail

Country

Peru

Project Number

PE-L1232

Approval Date

September 19, 2018

Project Status

Implementation

Project Type

Loan Operation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

FOREST RESOURCES MANAGEMENT

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

-

Environmental Classification

Likely to cause significant negative impacts, or have profound implications affecting natural resources

Total Cost

USD 16,800,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 16,800,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
4604/SX-PE Sovereign Guaranteed USD - United States Dollar Strategic Climate Fund Public Sector Trust Fund Lending
Operation Number 4604/SX-PE
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Strategic Climate Fund
  • Financial Instrument: Public Sector Trust Fund Lending

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44603
PE-L1232 First period Jan-Jun 2023 - Public Report.PDF
Published Jan. 29, 2024
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https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43731
PE-L1232 Second period Jan-Dec 2022 - Public Report.PDF
Published Jul. 21, 2023
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https://www.iadb.org/document.cfm?id=EZIDB0000416-1397469267-202
Estados Financieros Auditados por el periodo del 01 enero al 31 diciembre 2022.pdf
Published Jun. 16, 2023
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-42405
PE-L1232 First period Jan-Jun 2022 - Public Report.PDF
Published Feb. 08, 2023
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-41425
PE-L1232 Second period Jan-Dec 2021 - Public Report.PDF
Published Aug. 15, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-1397469267-113
2022-04-29 Informe de Auditoría a los Estados Financieros por el Periodo 2019-2021.pdf
Published Jun. 15, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-35652
PE-L1232 First period Jan-Jun 2021 - Public Report.pdf
Published Feb. 22, 2022
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-35015
PE-L1232 Second period Jan-Dec 2020 - Public Report.pdf
Published Jul. 20, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-34115
PE-L1232 First period Jan-Jun 2020 - Public Report.pdf
Published Mar. 09, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-26800
PE-L1232_C637482_AW.pdf
Published Feb. 01, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-26787
PE-L1232_C638877_AW.pdf
Published Jan. 28, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-26788
PE-L1232_C638871_AW.pdf
Published Jan. 28, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-26785
PE-L1232_C638856_AW.pdf
Published Jan. 27, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-33742
PE-L1232 Second period Jan-Dec 2019-Public Report.pdf
Published Aug. 25, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-25150
PE-L1232_P490011_SP.pdf
Published Feb. 24, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-6517
Contrato - Proyectos de Inversión Forestal Perú.pdf
Published Aug. 21, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-992077893-43
POD. Plan de Adquisiciones para QRR.xlsx
Published Nov. 29, 2017
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-32
POD - Enlace opcional - EASE y PGAS - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-25151
PE-L1232_P490008_SP.pdf
Published Feb. 24, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-65
POD - Enlace requerido - PEP y POA - PE-L1232; PE-G1003.xlsx
Published Sep. 05, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-32481
PE-L1232 Second period Jan-Dec 2018-Public Report.pdf
Published Oct. 16, 2019
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https://www.iadb.org/document.cfm?id=EZSHARE-992077893-65
Lógica vertical. VML POD PGN.xls
Published Nov. 29, 2017
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-33
POD - Enlace opcional - Evaluación Económica - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-66
POD - Enlace requerido - Plan de Adquisiciones - PE-L1232; PE-G1003.xlsx
Published Sep. 05, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-522669563-33101
PE-L1232 First period Jan-Jun 2019-Public Report.pdf
Published Feb. 12, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-39
POD - Enlace opcional - Fondo de incentivos - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-72
POD - Enlace opcional - Manual Operativo de Funciones - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-46
POD - Enlace opcional - Paquetes tecnológicos - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-1470197173-48121
Proyectos de Inversión Forestal Perú.pdf
Published Sep. 26, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-73
POD - Enlace opcional - Propuesta de Inversión FIP - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-47
POD - Enlace opcional - PIP1 - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-1470197173-48122
Forest Investment Projects in Peru.pdf
Published Sep. 26, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-86
DLP - Anexo IV - Salvaguardias Ambientales - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-48
POD - Enlace opcional - PIP3 - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-96
Forest Investment Projects in Perú.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-49
POD - Enlace opcional - PIP4 - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-97
Proyectos de Inversión Forestal Perú.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-50
POD - Enlace opcional - ROP - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-25081
PE-L1232_6039_GN.pdf
Published Feb. 12, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-52
POD - Enlace requerido - IGAS - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-992077893-13
PP Anexo III. Estrategia de Salvaguardas Ambientales y Sociales. CO-L1225.docx
Published Nov. 29, 2017
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-27
POD - Enlace opcional - Referencias - PE-L1232; PE-G1003.docx
Published Sep. 05, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-1375635338-25148
PE-L1232_P490023_SP.pdf
Published Feb. 24, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-55
POD - Enlace requerido - Plan de Monitoreo y Evaluación - PE-L1232; PE-G1003.pdf
Published Sep. 06, 2018
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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-631885824-58
POD - Enlace requerido - DEM Validada - PE-L1232; PE-G1003.xlsx
Published Jan. 29, 2014
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https://www.iadb.org/document.cfm?id=EZSHARE-929407820-26
POD. Anexo I DEM - ME-L1264.xlsx
Published Jan. 29, 2014
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-18
PP - Apéndice I - DEM - PE-L1232; PE-G1003.xlsx
Published Jan. 29, 2014
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Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1753238800-10
PE-L1232-EASE_PGAS marzo 2018-final.pdf
Published Mar. 12, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-1753238800-6
EASE y PGAS PE-L1232_10.13.2017_FINAL.pdf
Published Oct. 13, 2017
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https://www.iadb.org/document.cfm?id=EZSHARE-1753238800-7
Marco de Gobernanza social PE-L1232_FINAL.pdf
Published Oct. 13, 2017
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https://www.iadb.org/document.cfm?id=EZSHARE-1753238800-8
actas consultas_consolidado.pdf
Published Feb. 28, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-1753238800-9
Marco de Gobernanza EASE-final.pdf
Published Mar. 07, 2018
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https://www.iadb.org/document.cfm?id=EZSHARE-992077893-22
COLOMBIA. Programa de Fortalecimiento de la Gestión Institucional de la Procuraduría General de la Nación (CO-L1225).pdf
Published Oct. 12, 2017
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https://www.iadb.org/document.cfm?id=EZSHARE-631885824-29
Programa de Inversión Forestal - PE-L1232; PE-G1003.pdf
Published Aug. 30, 2017
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Publications
Published 2022
Payment for Ecosystem Services in Costa Rica: Evaluation of a Country-wide Program
Several countries have implemented payment-for-ecosystem-services (PES) programs, buoyed by the promise of these programs as a win-win strategy that would allow both the conservation of natural resources, and the reduction of poverty for rural households and communities. Our study evaluates the effect on deforestation of Costa Rica's PES program, one of the oldest country-wide programs in the world. Costa Rica approved the 1996 Forest Law (Law No. 7575), creating a PES program that compensates landowners for forest conservation. We estimate these effects using an event study design with staggered entry into treatment. Our results show a statistically significant effect for the first year with a decrease in deforestation of 0.21 ha, but not for the following years. Given that the baseline level of deforestation in our sample is low, the magnitude of the effect is large. When compared to the pre-2016 average level of within farm deforestation, our estimated effect would imply a 100% reduction in deforestation for the first year after enrollment. Given the program pays the participants for a 5-year period, and that the effect is significant only during the first year, it may be beneficial for the program to reduce its length and implement required simplified annual contract renewals or other behavioral interventions to reduce noncompliance in subsequent years.
Blogs
Published 2023
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Suriname, the world’s most forested nation, boasts a diverse and rich ecosystem that includes vital mangrove forests along its coastline. Like a hidden magical realm, the magnificent mangrove ecosystems hold the secrets to a thriving world beneath the waves. These mangrove ecosystems play a crucial role in supporting biodiversity, mitigating climate change, and providing sustainable
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Published 2021
Options to Achieve Carbon Neutrality in Chile: An Assessment Under Uncertainty
Chile aims to reach carbon neutrality. Its Nationally Determined Contribution (NDC) commits the country to reach net-zero emissions of greenhouse gases by 2050 and sets targets for emissions to be reduced progressively over time. To comply with the goals of the NDC, line ministries have considered a set of sectoral transformations, such as closing coal-fired power plants, promoting electric mobility, and increasing forest captures which, taken together, could bring emissions down to zero. This study evaluates how these sectoral transformations would fare under a wide range of economic, environmental, and technological uncertainties. It identifies the vulnerabilities of the strategy, that is, under what conditions sectoral transformations are insufficient to achieve net-zero emissions. It then quantifies options for making sectoral plans to deliver the NDC more robust, that is to reduce the likelihood of not achieving carbon neutrality. Additional measures discussed include speeding up retirement of coal-fired power plants, promotion of telework and non-motorized transport, reduction of beef consumption, expansion of thermal retrofitting of houses, increased afforestation, sustainable forest management, and expansion of protected areas. These measures are based on ideas proposed by sectoral experts during a participatory process. Finally, a macroeconomic evaluation finds that enhancing the set of measures put forward to comply with the NDC would result in a net gain of 0.8% of gross domestic product (GDP) by 2050, on the top of 4.4% GDP gain that the current NDC plans would bring.
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Published 2022
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Published 2021
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Published 2023
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Blogs
Published 2022
Podemos compartir una comida y preservar la biodiversidad y el clima, si elegimos lo que comemos y cómo lo producimos
Las fiestas nos recuerdan el poder cultural de la comida: nada mejor para unir a familiares y amigos que un plan para compartir una deliciosa comida. Excelente plan, hasta que empieza la discusión alrededor de temas delicados. En estas fechas, latinoamericanos y caribeños se reúnen para celebrar grandes hitos (¡incluido una copa!), justo cuando líderes mundiales anuncian la firma de un marco global para proteger la biodiversidad. En estas cenas navideñas, algunos van a acabar discutiendo con sus cuñados sobre el impacto medioambiental de los alimentos. ¡Ojalá no le pase! Pero por si pasa, dos publicaciones recientes del BID ofrecen datos sobre el impacto de la comida en la deforestación y las emisiones de gases de efecto invernadero, las ventajas de mejorar el sistema alimentario, por qué es difícil hacerlo y cómo pueden los gobiernos actuar al respecto.
Publications
Published 2022
Inter-American Development Bank Quarterly Business Review: First Quarter 2022
The 2022 first quarter edition of the Quarterly Business Review (QBR) provides management with a status of the Bank's performance. The QBR reports on outputs, lending program priorities and organizational indicators on a quarterly basis to allow management to monitor progress in achieving corporate results. This periodic monitoring supports evidence-based decision making and allows for timely identification of deviations from targets and enables effective implementation of measures to address them. The Quarterly Business Review (QBR) provides an overview of the IDB's performance on sovereign-guaranteed outputs and lending program priorities. The QBR identifies trend deviations from IDB portfolio targets to support Bank management efforts to identify and implement corrective measures. This edition compiles data for the first quarter of 2022.
Publications
Published 2021
Amazonian Forest: The Products of Agroecological Systems: Considerations about the Natural Forest and Economic Exploitation for its Conservation and How to Develop Sustainable Agroforestry Systems that Induce the Reduction of Deforestation
This study demonstrates that the economic activity of the Amazon's natural forest has great potential yet to be developed when considering Non-Timber Forest Products (NTFPs) and those coming from agro-ecosystems (SAFs). Preliminary financial analyzes, in systems that are still incipient, point to a great potential for profitability of these alternative systems compared to traditional activities such as soybean and livestock farming, with the advantage of being conducted without degradation and deforestation, allowing the continuation with the support of the Amazonian ecological system. More research is needed to scale successful cases and more “dialogue” between the models of modern agriculture and the traditional knowledge to reach an integrated natural forest management system.
Blogs
Published 2021
Run Out of Waste Day in Suriname
With almost 95% of its territory covered by tropical green forest, Suriname is considered as one of the greenest countries in the world. But this title comes with the responsibility to care for the environment. The sustainable management of resources and waste is fundamental to protect and preserve the forests and landscapes of Suriname. However, waste
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