Ethiopia EITI (Grant II) (WB-P159798)

Countries
  • Ethiopia
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
Active
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
Dec 1, 2016
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
Ministry of Finance and Economic Cooperation, Federal Democratic Republic of Ethiopia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, 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 Feb 26, 2019

Disclosed by Bank Aug 15, 2016

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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.

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
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.

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.

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How it works