Peru: First Social Inclusion Development Policy Loan
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                           CHAIR’S SUMMARY OF DISCUSSION ∗

                               Meeting of the Executive Directors

                                           December 13, 2012



       Executive Directors approved the First Social Inclusion Development Policy Loan (DPL)
to the Republic of Peru in the amount of US$45 million on the payment terms and conditions set
out in the President’s Memorandum (R2012-0242).

       Directors expressed support for the DPL which would help to increase access to and
quality of social services for the poor. Directors stressed the importance of capacity building,
monitoring and evaluation in the newly-created Ministry of Inclusion.

       Going forward, Directors encouraged the authorities to continue improving the targeting
of social programs to address disparities. Directors also emphasized the importance of capturing
and sharing the lessons learned from this consolidation of social programs and improvements in
their inclusiveness and effectiveness. Finally, Directors acknowledged close collaboration with
development partners and encouraged inclusion of the private sector and civil society in
preparation of the operation.




∗
 This summary is not an approved record.