Canada promotes competitiveness and economic diversification in Peru

Canadian Ambassador Patricia Fortier presenting PRODICOM

Canadian Ambassador Patricia Fortier and SOCODEVI’s director in Peru Réjean Lantagne

Canadian Ambassador Patricia Fortier with one of the cooperatives’ representatives

On February 12th, the Canadian Embassy in Peru and the Canadian Cooperative Society for International Development (SOCODEVI) launched the PRODICOM project, an initiative designed to promote entrepreneurial competitiveness and economic diversification in three extractive regions in northern Peru.

Economic diversification that develops local competitive advantages can play an important role in reducing inequality in extractive regions. To achieve this goal, PRODICOM will strengthen the management and production capacities of about 8000 producers and 30 cooperatives in the regions of La Libertad, Ancash and Cajamarca over a 7-year period. While fostering competitiveness and productivity, this initiative will enhance at the same time the role of female business leaders in cooperatives.

Another area of focus for PRODICOM will be the reinforcement of local governments’ capabilities to design and implement development plans in areas such as agriculture, livestock production and forestry as well as value-chain development schemes.

Funded by the Canadian government, this project operates under an innovative method which includes the collaboration of the private sector. Thanks to the support of Barrick Gold, Antamina and Rio Tinto, the project amounts up to $20 million dollars.

Canadian Ambassador Patricia Fortier highlighted that this is a “joint effort that aims to access new markets, produce better products and generate more earnings for local producers. This also demonstrates that mining and farming can coexist and move forward together.”

Canada is committed to supporting Peru’s decentralization efforts, fostering competitiveness and economic diversification across the country. In the period 2011-2013, Canada contributed $49.3 million to cooperation for development in Peru throughout bilateral programmes and associations with Canadian and multilateral organizations.

To learn more about Canada’s development programming in Peru, please visit the international cooperation project database of the Department of Foreign Affairs, Trade and Development.

More information on PRODICOM (available in Spanish only).