Description:
This book presents the results of the
study 'New Approaches for Improving the Development
Outcomes of the Extractive Industry in Peru: Improving
Impacts on Women in Poverty and Their Families.' In
recent years, large amounts of 'development
assistance' in the form of infrastructure and social
programs have been made available to communities across Peru
as a result of the presence of extractive industry (EI)
companies. These funds have come through corporate-managed
social programs; royalties; the tax on EI profits, which is
redistributed through the various canons; trust funds; and
the voluntary contribution, which was recently introduced.
With increasing extractive industry presence, and a
decreasing supply of international cooperation aid to Peru,
2 as of 2006, funds from the mining canon alone outstripped
international cooperation aid to Peru. While recent
commodities fluctuations have reduced company profits, and
therefore taxes, canon, and voluntary contributions by
companies, these payments are still very significant and are
greater than international cooperation aid. Although it is
hard in the current international economic climate to make
clear projections, funding resources originating from mining
in Peru will continue to be key to the development of the
poorer communities surrounding the mining operations. One
important way in which EI companies and local governments
responsible for administering the oil, gas, and mining
canons could significantly improve their development
outcomes would be to make sure that their development
assistance approaches have a stronger influence on
women-particularly women from poorer families, who are the
least likely to be able to take advantage of the employment
opportunities and other benefits offered by the
company's presence.