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Forest Investment Projects in Peru
To contribute to national targets of reduction of greenhouse gas emissions that result from deforestation in the Peruvian Amazon.

Project Detail

Country

Peru

Project Number

PE-G1003

Approval Date

September 19, 2018

Project Status

Implementation

Project Type

Investment Grants

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

FOREST RESOURCES MANAGEMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 19,500,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 19,500,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
GRT/SX-16930-PE Sovereign Guaranteed USD - United States Dollar Strategic Climate Fund Grant
Operation Number GRT/SX-16930-PE
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Strategic Climate Fund
  • Financial Instrument: Grant

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44369
Project Monitoring Report ( Public version)
PE-G1003 First period Jan-Jun 2023 - Public Report.PDF
Jan. 29, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43738
Project Monitoring Report ( Public version)
PE-G1003 Second period Jan-Dec 2022 - Public Report.PDF
Jul. 20, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-42429
Project Monitoring Report ( Public version)
PE-G1003 First period Jan-Jun 2022 - Public Report.PDF
Feb. 06, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-41423
Project Monitoring Report ( Public version)
PE-G1003 Second period Jan-Dec 2021 - Public Report.PDF
Aug. 15, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-35666
Project Monitoring Report ( Public version)
PE-G1003 First period Jan-Jun 2021 - Public Report.pdf
Feb. 22, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-35209
Project Monitoring Report ( Public version)
PE-G1003 Second period Jan-Dec 2020 - Public Report.pdf
Jul. 23, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-34331
Project Monitoring Report ( Public version)
PE-G1003 First period Jan-Jun 2020 - Public Report.pdf
Mar. 09, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-33713
Project Monitoring Report ( Public version)
PE-G1003 Second period Jan-Dec 2019-Public Report.pdf
Aug. 25, 2020
English
https://www.iadb.org/document.cfm?id=EZSHARE-1470197173-48123
Loan Contract
Proyectos de Inversión Forestal Perú - Financiamiento No Reembolsable.pdf
Sep. 26, 2018
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1470197173-48124
Loan Contract
Forest Investment Projects in Peru - Non Reimbursable Financing.pdf
Sep. 26, 2018
English
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-6142
Technical Cooperation Agreement
Convenio de Financiamiento No Reembolsable - Proyectos de Inversión Forestal Perú.pdf
Feb. 19, 2019
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-32450
Project Monitoring Report ( Public version)
PE-G1003 Second period Jan-Dec 2018-Public Report.pdf
Oct. 16, 2019
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-33072
Project Monitoring Report ( Public version)
PE-G1003 First period Jan-Jun 2019-Public Report.pdf
Feb. 12, 2020
English
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1078895510-6
Environmental and Social Management Plan
Marco de Gobernanza EASE-final.pdf
Mar. 07, 2018
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1078895510-7
Public Consultation Report
actas consultas_consolidado.pdf
Mar. 07, 2018
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1078895510-8
Strategic Environmental Assessments
PE-L1232-EASE_PGAS marzo 2018-final.pdf
Mar. 12, 2018
Spanish

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Publications
Published 2023
Diagnóstico de la cadena forestal sustentable de Ecuador: cadena forestal sostenible
Los países de la Región Andina cuentan con un territorio de casi 4,7 millones de kilómetros cuadrados, del cual aproximadamente el 50% son bosques y plantaciones forestales (Castilleja et al., 2023). Estos bosques juegan un papel clave en la regulación hídrica y en la estabilización del clima. Son también el hogar de muchas comunidades, incluyendo comunidades indígenas, y una fuente importante de actividad económica para sus poblaciones y los países en su conjunto. Sin embargo, la degradación forestal es un problema cada vez más grave que requiere una respuesta más inmediata y completa. Este estudio contribuye a este cometido realizando un análisis de las cadenas de valor forestal (CdV) en Ecuador, como parte de una serie de estudios por país para los cinco países de la Región Andina. Asimismo, se elaboran recomendaciones sobre acciones que se pueden tomar para fomentar una mayor productividad en ellas, salvaguardando mejor el medio ambiente y las comunidades.
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.
Publications
Published 2021
Latin American and Caribbean Forests in the 2020s: Trends, Challenges, and Opportunities
This monograph presents expert assessments of four different facets of Latin American and Caribbean (LAC) forests at the start of the 2020s. In Chapter 1, Dan Nepstad and coauthors distill lessons from case studies of the application of various approaches to forest conservation and restoration in four countries: Brazil, Costa Rica, Ecuador, and Peru. In Chapter 2, Carlos Nobre and coauthors examine the two-way links between forests and climate change. They summarize what we know about the effects of climate change on forests and human migration in LAC, and the effects of forest loss and degradation on global and regional climate change. In addition, they present case studies of some of these links for Brazil and Costa Rica. In Chapter 3, Brent Sohngen explores LAC forest management, including LAC trends in international trade in timber and bioenergy, sustainable forest management, nontimber forest products, illegal logging, property rights, and climate change as it affects managed forests. In addition, Dr. Sohngen summarizes an original analysis of future timber supply potential using the Global Timber Model. Finally, in Chapter 4, Simone Bauch presents an analysis of the IADBGs experience with forest projects over the past 13 years. Having reviewed IADBG documents on all 99 forest projects approved by bank during this period and interviewed 23 current and former bank staff, Dr. Bauch presents a brief recent history of IADBG forest projects, an overview of the major determinants of project development, and an analysis of trends in forest projects, including their number, funding, objectives, themes, and locations. An Introduction by the editor, Allen Blackman, discusses the broad issues these expert assessment address and summarizes their key findings.
Blogs
Published 2023
Training Guardians of Suriname’s Mangrove Forests
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
Publications
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.
Publications
Published 2021
NDC Invest Bulletin: Vol. 4, January 2021
The IDB Group supports the region through nature-based in Central America to address development challenges which are exacerbated by climate change. With a portfolio of about US $ 200 million, the Bank supports the design and implementation of REDD strategies focused on protection and management sustainable forest, value chain support and climate finance resource mobilization. These programs support countries to meet not only commitments under their NDCs, but also with national development priorities.
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 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
Publications
Published 2020
The Value of Biodiversity in Economic Decision Making: Applying the IEEM ESM Approach to Conservation Strategies in Colombia
In this paper we evaluate the economic, natural capital and ecosystem services impacts of strategies for conserving Colombias rich natural capital endowment. Specifically, we consider Government program proposals for establishing Payment for Ecosystem Services (PES), implementing more sustainable silvopastoral systems and expanding habitat banking. We develop and apply the Integrated Economic-Environmental Modeling (IEEM) Platform linked with spatial Land Use Land Cover (LULC) and Ecosystem Services Modeling (IEEMESM) to shed light on the multi-dimensional impacts of these programs from the perspective of sustainable economic development and intergenerational wealth. Advancing the state-of-the-art in integrated economic-environmental modeling, our framework for the first time integrates dynamic endogenous feedbacks between natural capital, ecosystem services and the economic system to fully capture how changes in natural capital and ecosystem service flows affect the economy and vice versa. Our approach quantitatively models the economy, natural capital and ecosystem services as one integrated and complex system at a high level of spatial resolution across Colombias 32 Departments. We demonstrate how valuing biodiversity in public policy and investment analysis can make the difference between an investment that is economically viable and one that is not. Without accounting for the value of biodiversity, the proposed PES and habitat banking programs are not economically viable. Including the value of biodiversity, both PES and habitat banking become strong investment propositions with a net present value of US$4.4 billion and US$4.9 billion, respectively. The economic and environmental benefits of enhancing Colombias natural capital base and future ecosystem service supply are demonstrated and regionally differentiated, which provides a strong empirical evidence base to inform the spatial targeting of policies to maximize economic, environmental and social outcomes.
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