17 June 2010
The Camisea natural gas project in Peru was promoted as a means of turning Peru's natural wealth into development for its residents, but years later social and environmental problems persist.
The project, financed in part by a $135 million dollar loan from the Inter-American Development Bank includes four drilling platforms and two pipelines, though an expansion is under discussion. Five years after the start of operations, local residents still face huge gaps in basic services. This report uses the problems of the Camisea project to analyze ways that international financial institutions can better manage extractives projects to ensure that local populations reap the benefits of development and don't fall prey to the resource curse.
The project launch featured two panels on the future of the Peruvian Amazon. Click here to listen to audio from the panels.
read the report
People, power, and pipelines, Oxfam America, World Resources Institute, Bank Information Center, June 16, 2010 (PDF, 2.46 MB)
read more
BIC's Camisea project page
BICECA homepage