1. Municipal Capacity Building
Fiscal benefits from private investments
can make the difference at the local level
Javier Aguilar - ELB Pillar Manager
with Günther Schulz-Heiss, ELB Consultant
IFC Technical Assistance Facility for Latin America & the Caribbean
June 19th, 2006

2. The company, the country, the neighborhood
Minera Yanacocha and Peru:
Peru and Cajamarca:
Department
Poverty Rate
Ancash
55.3
Cusco
59.2
Moquegua
37.2
Piura
60.9
Tacna
26.7
Tumbes
21.6
Cajamarca
74.2
Lima
36.6
National Average
51.6
Yanacocha is the source of half of all gold mined in Peru
The company’s contribution to the countries exports reached 25% in 2002
Total output contributes more than 2% to Peru’s Gross National Product

3. Windfall Revenues for Municipal Governments

4. The Use-less Mining Canon
Unspent End-of-year Balance of Mining Canon at Cajamarca Provincial Govt

5. Local Ownership Plus TA Can Unfreeze the Mining Canon

6. Behind the figures: Real changes in people’s lives
Kindergarten built with Mining Canon Funds in Tatar Grande Village, District of Los Baños del Inca, Cajamarca
Farming techniques in rural neighborhoods of Los Baños del Inca need lots of improvement yet
Mayor Pajares inspecting drainage works financed with Mining Canon resources in Los Baños del Inca District

7. Sustained Progress only with Sustained Ownership
District Mayor Pajares with advisors from IFC’s LAC Facility
District Mayor Pajares with advisors from IFC’s LAC Facility