National Strategies Case Study
In this sense, support has been granted for important projects in the mining, energy, agriculture, tourism, financial, manufacturing, construction and transport sectors, among others. Different mechanisms were used for that purpose including, loans, guarantees and participation in the stock capital of the companies. Resources in the order of up to US$300 million per project have been mobilized. AFT and Import Financing Other facility granted by some countries is the financing of their exports. In this sense, the EXIMBANK of most countries from where we import most machinery grant credit-lines that facilitate access to import goods under favorable financial conditions; to the extent that those financings are not covert subsidies. 4.3. AFT Monitoring and Evaluation Regarding the use of non-reimbursable funds (grants or donations) received from international cooperation; there are basically two levels of management, monitoring, supervision and control: On the one hand, the Peruvian Agency for International Cooperation (APCI) is responsible for the sustained, efficient and transparent management of increasingly scarce resources and has competence over the official aid for development. On the other hand, APCI coordinates the different sectors; in the case of trade-related issues, it coordinates with the Ministry of Foreign trade and Tourism, which undertakes technical responsibility for the cooperation. Since the creation of APCI in 2001, the relationship with international cooperation institutions has improved and the sectoral coordination with MINCETUR ensures a more effective use of the funds sourced by the international cooperation, avoiding duplications and delays. In the same way, to the extent that MINCETUR has developed the different management instruments described in section 3, it has been possible to identify and enhance the organization of efforts made by the different government instances, the private sector and international cooperation. The largest, comprehensive and most sophisticated projects have independent execution units that significantly facilitate resource management. Cooperation institutions have also implemented monitoring mechanisms, intermediate evaluation and impact evaluation to determine the results of their projects. Without any doubt, an adequate design of the aid, its objectives, components and activities in suitable implementation terms is the fundamental basis so that the implementation, monitoring and evaluation render positive results. 4.4. Lessons and Challenges Over the last seventeen years, Peru has been in the way of trade opening and liberalization and has been seeking to extend trade benefits to the majorities. As mentioned before, AFT has been present throughout this process by contributing with its financial and technical resources. The country has evolved in connection with trade since its opening in the early 1990â€™s. Peruvian politi-
Published on Sep 14, 2007
Published on Sep 14, 2007
this report was prepared by the integration and trade sector (int) as a contribution to the regional meeting on mobilizing aid for trade: la...