Second Philippines Extractive Industries Transparency Initiative (EITI) Support Project (WB-P157976)

Countries
  • Philippines
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
Jun 21, 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
Government of the Philippines
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
  • 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)
$ 1.50 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)
$ 1.50 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 Jul 13, 2017

Disclosed by Bank Jan 15, 2016


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Project Description
The proposed development objectives of the project are to a) support the Philippine Government in its ongoing efforts to use the EITI process as a tool for increasing the transparency of its extractives sector, and b) increase civil society engagement through its participation on the MSG and through EITI outreach activities. Key results Consistent with the aforementioned development objectives, the expected key results of continued successful implementation of the EITI in the Philippines are as follows: a) A well-functioning and capable multi-stakeholder group, that is well-informed about the EITI process, and supports the promotion of transparency and accountability in the sector; b) The third Philippine EITI Report to be finalized and disseminated by December 2016 in accordance with the EITI Standard; c) The fourth Philippine EITI Report to be finalized and disseminated by December 2017; d) The Philippines undergoes validation successfully in 2016 and is found to be complaint with the EITI Standard; e) Legislation institutionalizing EITI in the Philippines is approved by the legislature; f) Public access to extractives information is improved and the findings of EITI reports and complementary products are widely and effectively communicated to the Philippines public.
Investment Description
  • World Bank (WB)
Contact Information
Name: Philippines EITI National Secretariat Contact: Alessandra ("Gay") Ordenes Tel: 02-525-0487 Email: alessandra.v.ordenes@ph-eiti.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.