Legislative Decree No. 1435: Implementation and Operation of the Territorial Development Investment Fund (FIDT)

Legislative Decree No. 1435 establishes the legal framework for the implementation and operation of the Territorial Development Investment Fund (FIDT) by restructuring the Regional and Local Public Investment Promotion Fund (FONIPREL) and providing for the liquidation of the Fund for Economic Inclusion in Rural Areas (FONIE). The FIDT is a financing or co-financing mechanism for investments and pre-investment studies under the responsibility of regional and local governments. It aims to reduce gaps in basic services and infrastructure, contribute to poverty and extreme poverty reduction, and increase productivity through a territorial approach. The decree establishes provisions governing the purpose, organization, administration, resources, competitive allocation and operation of the fund. Its implementing regulation, approved by Supreme Decree No. 001-2019-EF, identifies several eligible services, including agricultural infrastructure and productive development support, alongside healthcare, education, sanitation, roads, rural electrification and telecommunications. Legislative Decree No. 1435 is a multisectoral territorial public investment instrument rather than a policy specifically targeting agriculture or agrifood systems. Its relevance to PAESA is indirect because certain eligible investments may benefit agricultural and rural activities, but the decree does not establish a specific agrifood intervention or identify agricultural producers as its direct beneficiaries.