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Disclosable Restructuring Paper - Strengthening the Science, Technology and Innovation System in Peru - P156250 (Английский)

The objective of the Strengthening the Science, Technology and Innovation System Project for Peru is to strengthen the science, technology, and innovation system to improve research skills and firm-level innovation. The restructuring extends the closing date of the project by 10.5 months, from December 31st, 2021 to October 14th, 2022. No other changes are requested. To allow for the successful completion of ongoing project activities that were delayed due to the COVID-19 pandemic, the extension of the closing date had originally been requested by the Government of Peru for a period of 12 months. Given that the final repayment date for this Loan is November 15, 2022 and it cannot be modified, the Closing Date extension to December 31, 2022 cannot be approved. To allow the Borrower to benefit from the maximum possible loan disbursement period consistent with the Bank's debt Management requirements, the Closing Date and the Disbursement Deadline Date hereby proposed are October 14, 2022. The team has discussed the new Closing Date with the counterparts and they agree with it.

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