The Poverty Reduction and Alleviation Project (PRA) is an initiative of USAID in Peru. It aims at contributing to poverty reduction via sustainable job creation in the peruvian andes and revenue creation in poor areas, with an entrepreneurial and demand-driven approach. The first phase of the PRA ran from 1998-2008 and had two components: PRA Businesses and PRA Infrastructure. In addition to the work with high-potential businesses, PRA Businesses had the specific mission to promote businesses in “Alternative Development” areas, forest certification, and native communities in the Peruvian jungle. PRA Infrastructure promoted the use of Private-Public Partnerships (PPPs) to finance public infrastructure works.
The second phase of PRA (2009-2014) will focus on poverty reduction through the generation of sustainable income and employment, promoting and providing productive businesses in 10 Economic Service Centers (ESCs) to assist individual client firms to overcome specific obstacles to business expansion. To support the five-year project implementation, an initial investment of $20 million has been raised with $15 million from USAID and $5 million provided by private sector partners.
|Location||Peru, Latin America and Caribbean|
|Value||USD 20 Million|