The operation, intended for the improvement and expansion of operational or institutional services at the PCM, must be canceled in the next 15 years.
Through Supreme Decree No. 104-2024-EF, the external debt operation with the Inter-American Development Bank (IDB) is approved within the framework of Law No. 31955 on public sector debt for fiscal year 2024 up to the sum of US$50 million.
This operation may be used to partially finance the investment project “Improvement and Expansion of Institutional Operational or Missionary Services in the Presidency of the Council of Ministers (PCM), through the Secretariat of Government and Digital Transformation – Digital Transformation with Equity, Miraflores District of the Province of Lima of the Department of Lima.”
During the disbursement period there will be no inspection and surveillance commission, unless the IDB restores it. in case more than 1% of the financing amount divided by the number of semesters of the original disbursement period cannot be collected in a given semester.
The cancellation period is 15 years from the date of signing the loan contract, through semiannual, consecutive and equal installments to the extent possible. The first installment would be due six years from the date of entry into force of the loan contract. While the latter, at the latest, on the final amortization date.
The Ministry of Economy and Finance (MEF), through the General Directorate of the Public Treasury, is authorized to modify the amortization schedule established in the loan contract and request the activation of the principal payment option that allows the term to be extended. payment of the debt if there is a natural disaster.
Likewise, the MEF may request currency conversion, interest rate conversion, commodity conversion and catastrophe protection conversion facilities. For it, The General Directorate of the Public Treasury must sign, on behalf of the Republic of Peru, the conversion instructions, as well as the necessary documentation.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
