The US government agency will provide up to US$293mn for housing-related projects.
The ill-fated US$520mn Chinchero airport project looks set to claim the scalp of yet another of President Pedro Pablo Kuczynski's cabinet ministers.
The nation recorded near record low reliance on oil revenue in the first four months of 2017.
Focus remains on advance in economic reforms.
US President Donald Trump banned business relations with Cuban conglomerate GAESA, as well as individual travel to the island, as the US re-adopts a hardline stance against the Castro government.
Over the past few years companies in the region have tended to reduce capex and work on strengthening their balance sheets.
AIG, IBM and Standard Chartered Bank say they converted a multinational, controlled master policy written in the UK, and three local policies in the US, Singapore and Kenya, into a "smart contract."