Enhance Dev. Impact of Peruvian Workers' Remittances from JP

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The main objective of the Project is to enhance the development impact of workers' remittances to Peru from Japan through an innovative structured transaction to finance the expansion of medium to long-term credit to the microfinance, the SME sector, and the recipients of remittances. The MIF's involvement also helps to support a growing market with profound social repercussions: the impact of workers' remittances in LAC. This is an important catalytic role of the MIF because it enhances the development impact of remittance flows and will help Banco del Trabajo to leverage its Peruvian workers' remittance flows from Japan by expanding its medium to long-term loan portfolio in Peru.