Ethiopia EITI (Grant II) (WB-P159798)

Countries
  • Ethiopia
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
Dec 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 and Economic Cooperation, Federal Democratic Republic of Ethiopia
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Project Cost (USD)
$ 0.38 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 Aug 14, 2017

Disclosed by Bank Aug 15, 2016


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Project Description
The development objective of this project is to support the effective implementation of the Extractive Industries Transparency Initiative (EITI) in Ethiopia. This project comprises four project components. The first component, capacity building and training will involve organizing training activities for key stakeholders to increase their understanding of the EITI and to encourage their participation in the implementation of the Initiative. The second component, preparation of reports will involve financing the EEITI National Steering Committee in conducting ongoing scoping studies on EITI implementation, and creation of an EITI Reporting Template- including with regard to scope of the reporting sectors; level of detail of the reconciliation/audit process; defining materiality with regard to payments and revenue streams; degree of data disintegration; inclusion/non-inclusion of subnational, in-kind, and social payments; etc. It will also involve financing the hiring of an Independent Administrator to prepare the subsequent EITI reports, including the reconciliation of payments made by mining and oil companies to the Government and direct payments by mining companies to specific municipalities. Lastly, it will involve financing the publication of other reports relating to EITI, such as the annual activity reports, beneficial ownership roadmap, etc. The third component,awareness-raising or communication shall include implementation of the EITI Communications strategy by a communication company to communicate (i) the merits of transparency of mining, oil and gas revenues; and (ii) the EITI process in Ethiopia and the results of the first EITI Report at the municipal and community level, with the objective of provoking public awareness and debate over these issues.
Investment Description
  • World Bank (WB)
Contact Information
Name: EEITI National Secretariat Contact: Merga Kenea Title: Head, National EEITI Secretariat Tel: 00251116463426 Email: mergakg@yahoo.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.