Peru, through Profonanpe, has recently started a Readiness support which is aimed at improving its capacities as an AE. The firsts planned activities are on their way, while this new proposal is focused on assuring the continuity that some of them require, and adding other actions to tackle new identified gaps at institutional level. Profonanpe has also recently achieved its upgrade for grant making and project risk level category B.

In that sense, Profonanpe has identified that in the framework of its new role, it requires for example, to work with the GCF to meet their expectations regarding (i) ESMS auditing on institutional management effectiveness; and (ii) impact evaluation monitoring. Moreover, the institution requires to keep increasing specific capacities that will be reflected in a better-quality project design and management, and in a more efficient achievement of their goals.