Interviews
IDB to support Peru in implementing FTA with US
15 Dec '07
3 min read
The President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, announced that the Bank will assist the government of Peru in launching the free trade agreement (FTA) signed with the United States in Washington, DC.
"The Bank has supported and will continue to support the government of Peru in order to guarantee that the FTA's opportunities and benefits reach Peru's poorest residents," said Moreno, who met with the President of Peru, Alan García, shortly before García attended the FTA signing ceremony with US President George W. Bush.
During the meeting, García reiterated to Moreno his interest in the Bank's continued support with the FTA implementation, as well as with the development of a New Sustainable Energy Matrix (NUMES for its acronym in Spanish) for Peru.
Moreno also announced that he would sustain a dialogue today with nongovernmental organizations on Peru LNG to reiterate the Bank's commitment to the development of this project under the highest possible environmental and social standards.
Next week, the IDB Board of Directors will vote on whether to approve a US$400 million loan to develop the LNG project, which includes the construction of a natural-gas liquefaction plant, a marine terminal and a 408-kilometer pipeline to connect the new plant with the already existing pipeline operated by Transportadora de Gas de Perú (TGP).
In 2006, the IDB and the government of Peru designed an FTA action plan to identify the legal, institutional and administrative reforms necessary for each negotiation area to meet its commitments under the agreement.
"The Bank has supported and will continue to support the government of Peru in order to guarantee that the FTA's opportunities and benefits reach Peru's poorest residents," said Moreno, who met with the President of Peru, Alan García, shortly before García attended the FTA signing ceremony with US President George W. Bush.
During the meeting, García reiterated to Moreno his interest in the Bank's continued support with the FTA implementation, as well as with the development of a New Sustainable Energy Matrix (NUMES for its acronym in Spanish) for Peru.
Moreno also announced that he would sustain a dialogue today with nongovernmental organizations on Peru LNG to reiterate the Bank's commitment to the development of this project under the highest possible environmental and social standards.
Next week, the IDB Board of Directors will vote on whether to approve a US$400 million loan to develop the LNG project, which includes the construction of a natural-gas liquefaction plant, a marine terminal and a 408-kilometer pipeline to connect the new plant with the already existing pipeline operated by Transportadora de Gas de Perú (TGP).
In 2006, the IDB and the government of Peru designed an FTA action plan to identify the legal, institutional and administrative reforms necessary for each negotiation area to meet its commitments under the agreement.
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