The Inter-American Development Bank has approved a USD25 million loan to help Peru implement a program that seeks to improve the country’s adaptation and mitigation initiatives and strengthen its climate-related institutions.
The program is part of Peru’s climate reform agenda, under which the country committed to create institutional, technical and legal conditions needed to prevent, mitigate and adapt to climate change.
On top of the loan, IDB is also providing a USD2.2 million technical assistance grant for the reform program.
