Myanmar EITI Implementation Grant (WB-P143321)

Countries
  • Myanmar
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 18, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Republic of the Union of Myanmar, Myanmar Development Resource Institute
The holder of the loan, grant, or other investment.
Sectors
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 16, 2017

Disclosed by Bank May 11, 2015


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Project Description
According to World Bank website, The development objective of the Implementation of the Extractive Industries Transparency Initiative Project is to strengthen the institutional structure for EITI implementation and to facilitate an informed multi-stakeholder debate about the extractive industries in Myanmar. The grant supports the first phases of implementation of Myanmar’s EITI Work plan. On April 7, 2014, the Myanmar EITI Multi-Stakeholder Group (MSG) completed an approved work plan for EITI implementation, in keeping with the EITI candidacy requirements. The total work plan cost is US $3.9 million for two years, starting in January 2015. The grant ($290,000 recipient-execution and $200,000 Bank-execution) from the EITI MDTF will fund the first months of EITI implementation, most importantly the production of the first EITI report by January 2, 2016. The MSG and the Ministry of Finance (MoF) have asked that the remaining US $3.4 million be funded by partners through the Bank-managed country MDTF, to be processed later in 2015. Taken together these two grants, from the global EITI MDTF and the Myanmar country MDTF, constitute one program of Bank support for the implementation of the Myanmar EITI work plan.
Investment Description
  • World Bank (WB)
Contact Information
Team Leader: Morten Larsen Mining Specialist, World Bank No contact information provided at the time of disclosure. Executing Agency: EITI Unit, Budget Department, Ministry of Finance Daw Tin Tin Ohn, Deputy Director General Telephone No.: +95 - 067410457 Email Address: tintinbudget@gmail.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.