Mining Sector Capacity Building Add (WB-P160917)

Countries
  • Cameroon
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
U
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
Mar 23, 2017
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 Cameroon
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 Amount (USD)
$ 26.90 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)
$ 26.90 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 26, 2019

Disclosed by Bank Jan 17, 2017


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The rationale for Additional Financing is both to cover costs overrun and scale up selected activities for Mining Sector Capacity Building Project (PRECASEM). The Development Objective of this US$ 30 million IDA-financed operation is to improve (i) the efficiency and transparency of mining sector management and (ii) the frameworks for sustainable mining development.
Component 1. Access to Mineral Resources and Governance of Mining Operations.
The main objective of this component is to address fundamental impediments to providing access to mineral resources and managing mining operations in an efficient and transparent manner, and under frameworks that comply with sustainable development principles. To achieve this, the project will support the following: A.1 Program of Geo-data Acquisition, Organization, and Promotion (extension) A.2 Management of Mineral Rights and Operations A.3 Transparency and Accountability in the Mining Sector
Component 2. Integration of Mining into Local and Regional Development. The main objective of this component is to improve the integration of mining operations into local and regional development. The additional financing introduces the following changes. 1. Support to Artisanal Mining Formalization 2. Coordination between Mines, Forests, and Environment Stakeholders 3. Local and Regional Linkages and 4. Framework for Mining Infrastructure Development.

The parent project is Cameroon Mining Sector Technical Assistance Project (P122153)

Investment Description
  • World Bank (WB)
Contact Information

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.