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I dati pubblicati relativi al 2016 sono dati non ancora ufficiali in quanto non convalidati da OCSE - DAC

DEBT FOR DEVELOPMENT SWAP AGREEMENT - TECHNICAL ASSISTENCE FUND

Peru

€ 2,066,000
Committed
€ 2,138,400
Used

Agency

Italian Agency for Development Cooperation (DGCS until 2015)

Channel reported

AICS

Description

The idea of debt-for-development swap starts during the ‘90s and has been strengthened during the Jubilee Debt Campaign. Italy supported it within the IFIs, approving a national law and signing several bilateral agreements. The debt agreement with Peru aims to cancel the debt owed by Peru to Italy for ODA loans, transforming its payment in the creation of a fund based in Peru used to finance poverty reduction projects implemented by NGOs, universities and local governments. The Fondo Italo Peruano – FIP has been created with a first agreement in 2001, then renovated with a second agreement in 2007. FIP managed more than 200 million US dollar, financing around 300 projects. The two governments, with a participation of Peruvian civil society in the Technical Committee, manage FIP jointly. FIP selects projects through public calls for proposal. The projects have to target one or more aspects of multidimensional poverty and have to respect a ‘gender approach’. Italy is committed in the participation to FIP with a specific technical assistance program, to sustain the managing of the Fund. read more close

Year Committed Used
2016 - € 72,400
2015 € 156,000 € 156,000
2014 € 80,500 € 80,500
2013 € 133,100 € 133,100
2012 € 96,400 € 96,400
2011 € 529,750 € 529,750
2010 € 531,650 € 531,650
2009 € 538,600 € 538,600

Project data

  • Expected start date 02/04/2009
  • CRSID2010090108
  • Purpose Public finance management
  • Finance type Aid grant excluding debt reorganisation
  • Flow type Official Development Assistance
  • Bi/Multilateral Bilateral
  • Free Standing Technical Cooperation