Myanmar EITI Implementation Project (WB-P156124)

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
Active
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
Feb 1, 2016
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
Ministry of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
  • Mining
  • Technical Cooperation
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)
$ 3.50 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)
$ 3.50 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 Sep 16, 2019

Disclosed by Bank Oct 1, 2015


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Project Description

This project finances improvements in transparency and accountability in Myanmar’s management of extractive industry data, revenue, and impacts. The additional financing will finance following components: (i) support to the multi-stakeholder group and Extractive Industries Transparency Initiative secretariat; (ii) improving operators’ readiness for Extractive Industries Transparency Initiative implementation; and (iii) institutional development for Extractive Industries Transparency Initiative implementation.

Investment Description
  • World Bank (WB)

This project is funded by the World Bank's Myanmar Strategic Partnership.

Contact Information

World Bank
Contact: Morten Larsen
Title: Mining Spec.
Tel: 458-9014
Email: mlarsen@worldbank.org

Borrower/Client/Recipient
Name: Ministry of Finance
Contact: Maung Maung Win
Title: Permanent Secretary of MOF & Director General of Budget Dept
Tel: (95-67) 410-450
Email: maungmaungwin58@gmail.com

Implementing Agencies
Name: EITI Unit, Budget Department, Ministry of Finance
Contact: Daw Tin Tin Ohn
Title: Deputy Director General
Tel: 95-067410457
Email: 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.