Myanmar EITI Implementation Grant (WB-P143321)

Countries
  • Myanmar
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
C
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 18, 2015
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Republic of the Union of Myanmar, Myanmar Development Resource Institute
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.35 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 16, 2019

Disclosed by Bank May 11, 2015

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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.

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