The World Bank Report No: ISR2778 Implementation Status & Results Peru Public Disclosure Copy Third Programmatic Fiscal Management & Comp. DPL (P106720) Project Name: Third Programmatic Fiscal Management & Comp. DPL Program Stage: Implementation Seq.No: 1 Status: ARCHIVED Last Modified Date: 10-Feb-2011 (P106720) Country: Peru Approval FY: 2010 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Development Policy Lending Implementing Agency(ies): Ministry of Economy and Finance Key Dates Board Approval Date 12-Nov-2009 Original Closing Date 31-Jan-2013 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 18-Dec-2009 Revised Closing Date 31-Jan-2013 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) The proposed loan supports progress towards medium-term program outcomes related to three CPS objectives: (i) maintaining macro stability (pillar I-cluster I), (i i) accelerating growth and widening the base of growth (pillar I-cluster II) and (iii) modernizing institutions (pillar 111-cluster VI). Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Implementation Status Overview Public Disclosure Copy The reforms supported by this programmatic series of loans continue to be implemented. This loan has been fully disbursed and was the third programmatic loan in a series of four (of which the final loan was already approved and disbursed). Results Results Indicators Page 1 of 3 The World Bank Report No: ISR2778 Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Fiscal balance of the consolidated public sector, as percent of GDP -0.30 -0.90 -1.00 Date Date Date Type Unit of Measure Comment Comment Comment Custom Indicator Percentage The target is to keep fiscal balance in surplus or with a deficit of at most 1 percent of GDP or higher. Indicator Baseline Current End Target Indicator Name Value Value Value Tax revenue of the central government, as percent of GDP 13.90 15.20 16.00 Date Date Date 31-Dec-2005 31-Dec-2010 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage Indicator Baseline Current End Target Indicator Name Value Value Value Share of the national budget resources in the Single Treasury Account 80.00 100.00 Date Date Date 31-Dec-2010 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage There was no Single Treasury Account prior to the Program Indicator Baseline Current End Target Public Disclosure Copy Indicator Name Value Value Value Share of the national and regional government's budget that is linked to 20.00 7.00 performance indicators Date Date Date 31-Dec-2010 Type Unit of Measure Comment Comment Comment Custom Indicator Percentage There was no link to performance indicators for any budgetary expenditure Data on Financial Performance (as of 29-Dec-2009) Financial Agreement(s) Key Dates Page 2 of 3 The World Bank Report No: ISR2778 Project Loan No. Status Approval Date Signing Date Effectiveness Date Closing Date P106720 IBRD-77990 Effective 12-Nov-2009 15-Dec-2009 18-Dec-2009 31-Jan-2013 Public Disclosure Copy Disbursements (in Millions) Project Loan No. Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P106720 IBRD-77990 Effective USD 150.00 150.00 0.00 150.00 0.00 100.00 Tranches Tranche 1 Description The single tranche for US$150 million has been disbursed. Amount (USD) Expected Release Date Actual Release Date Status 150,000,000 Pending Released Key Decisions Regarding Implementation None Restructuring History There has been no restructuring to date. Related Operations P101335-Fiscal Management and Competitiveness Development Policy Loan, P101590-Second Programmatic Fiscal Mgmt and Competitiveness Development Policy Loan, P106720-Third Programmatic Fiscal Management & Comp. DPL, P116214-Fourth Programmatic Fiscal Managment Development Policy Loan Public Disclosure Copy Page 3 of 3