Second bank approves loan for Peru gas project

The U.S. Export-Import Bank, Ex-Im, approved a $250 million loan for the second phase of the Camisea gas project Friday, following the lead of the Inter-American Development Bank which brushed off environmental and social concerns by approving a $400 million loan. The loan will partially fund a natural gas liquefaction plant and other infrastructure on [...]

Inter-American Development Bank approves $400 million loan for Peru gas project

The Inter-American Development Bank, IDB, approved a $400 million loan for Peru’s Camisea gas project today, brushing off appeals from environmentalists who insist it will do irreparable harm to the fragile jungle eco system and its indigenous inhabitants. The project consortium, headed by Texas-based Hunt Oil, will use the loan to begin construction of a [...]

Transoceanic Highway to bring thousands of tourists to Peru Amazon

The Transoceanic Highway is expected to bring thousands of Brazilian tourists to Peru’s southern Madre de Dios department during the next three years. The regional director of foreign commerce and tourism in Madre de Dios, Jorge Pineda, told Agencia Andina that the roadway cutting through the jungle shroud could usher in 150,000 tourists between 2008 [...]

Amazon Watch: Activists warn against financing Peru Camisea gas project

A delegation of human rights and environmental activists from Peru appealed to officials from the World Bank, Inter-American Development Bank (IDB) and the U.S. Export-Import Bank (Ex-Im) yesterday to reject future loans to the Camisea gas project. The delegation argued that the banks would be breaching their social and environmental safeguard standards if they approve [...]