Thursday, April 06, 2006

Call for Accountability: IDB's Loan to Peruvian Government

In addition to the loan to Transportadora de Gas del Perú (TGP) in 2002, the IDB approved a $5 million loan to the Government of Peru for a program to strengthen government oversight of environmental and social issues related to Camisea.

María Elena Foronda, President of Peru's National Environment Society (Sociedad Nacional del Ambiente) is calling on Peru's government accounting office to look into how this money was spent considering the serious environemtnal adn social impacts of the project.

Peru's Grupo Técnico de Coordinación Interinstitucional (GTCI) is the entity formed in 2002 to administer these resources and consisits of 12 agencies. according to their website their last activities were in March of 2005. GTCI did not respond to La Republica's request for an interview.

Article in La Republica (Spanish)

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