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- Second Social Development and Compensation Fund Project
Second Social Development and Compensation Fund Project
Peru
| Borrower | Peru |
| Financing Type | Public Sector |
| Instrument | Project Loan |
| Focus Area | Health |
| Approved | 26.06.1996 |
| Signed | 22.08.1997 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| Executing Agency | FONCODES |
| Co-financiers | Government |
| OPEC Fund Contribution (US$m) | 5.00 |
| Total Project Cost (US$m) | 7.50 |
This loan assisted FONCODES (National Fund for Compensation and Social Development) in its efforts to improve basic infrastructure, social services and incomes in Peru’s poorest areas. Sub-projects included: construction and equipping of schools, health centers and water supply and sanitation facilities; and, upgrading of economic infrastructure and promotion of small-scale enterprises. The economic potential of poor communities was improved considerably by the project.