Afghanistan:Extractives for Development Project (WB-P159402)

Countries
  • Afghanistan
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
Proposed
Bank Risk Rating
B
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.
Borrower
Government of Afghanistan
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)
$ 25.00 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)
$ 25.00 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 Feb 15, 2019

Disclosed by Bank Dec 1, 2016


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Project Description

According to the bank document, the proposed project objective is to assist the government to implement extractives sector reforms and operationalize mining and gas sector development opportunities.

Key outcomes include:

  • Further modernizing the legal and institutional framework for private sector-led gas development and for delivery of a stable supply of treated gas for power generation and for domestic, industrial, and commercial uses.

  • Legal, regulatory and fiscal acts, prepared, approved and implemented by the appropriate sector ministries and regulatory agencies.

  • Staff of petroleum sector management institutions (AGE and APA) trained to operationalize and oversee (regulate, manage and monitor legal/regulatory/contractual compliance) in the sector.

  • Improved transparency, public understanding and oversight of the GoA’s hydrocarbons resources management.

  • Formal environmental and safety inspections based on good international practice for the rehabilitation of existing natural gas processing and transmission infrastructure

Investment Description
  • World Bank (WB)
Contact Information
World Bank
Michael C. Stanley
Lead Mining Specialist

Borrower/Client/Recipient
Ministry of Finance

Implementing Agencies
Ministry of Mines and Petroleum
Abdul Mubeen Shahab
Director

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 .