Project profile — Foundations for Peace in the Artisanal Gold Mining Sector in Burkina Faso

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Overview

Overview

Foundations for Peace in the Artisanal Gold Mining Sector in Burkina Faso - Overview
CA-3-P009837001
$996,961
IMPACT (CA-CRA_ACR-3123972820)
2021-03-10 - 2023-03-31
Operational
Country / region • Burkina-Faso (100.00%)
Sector • Conflict Prevention And Resolution, Peace And Security
Civilian peace-building, conflict prevention and resolution (15220) (100.00%)
Policy marker • Gender equality (significant objective)
• Children's issues (not targeted)
• Climate Change Adaptation (not targeted)
• Biodiversity (not targeted)
• Trade development (not targeted)
• Desertification (not targeted)
• ICT as a tool for development (not targeted)
• Youth Issues (not targeted)
• Urban issues (not targeted)
• Participatory development and good governance (not targeted)
• Indigenous Issues (not targeted)
• Environmental sustainability (cross-cutting) (not targeted)
• Climate change mitigation (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
Description and results

Description

This project aims to enhance the ability of men and women in the artisanal and small-scale gold mining sector in Burkina Faso to integrate into the legal gold trade, thereby better contributing to the stability and security of their communities. This project increases the financial autonomy and economic resilience of women and men in artisanal mining communities. It reduces their vulnerability to extortion by those who provide exploitative loans or investments in exchange for gold sales with conditions that are typically wildly unfavourable to miners. The project supports capacity building for authorities, the private sector and civil society, linked to proven techniques to incentivize legal trade, while improving their enforcement strategies to hinder and marginalize the worst offenders of illicit trade. Project activities include: (1) creating savings and loans associations; (2) capacity-building on formalized savings and loans system; (3) developing action plans with authorities and the private sector to incentivize legal and legitimate artisanal gold trading practices; and (4) conducting assessments and building capacity of authorities, the private sector and civil society to counter gold-related crimes with due consideration of gender implications.

Expected results

The expected outcomes for this project include: (1) increased women’s economic empowerment and financial inclusion in participating artisanal gold producing communities; (2) enhanced conditions incentivizing responsible artisanal gold mining trade carried out by women and men; and (3) improved enforcement strategies to marginalize worst offenders amongst informal/illicit artisanal gold traders and lenders.

Results achieved

Results achieved as of May 2022 is the participation of 1,359 people (1,186 women and 173 men) in newly created savings and credit associations.

Financials

Financials


Original budget $0
Planned Disbursement $391,501
Transactions
Transaction Date Type Value
23-06-2022 Disbursement $171,198
19-01-2023 Disbursement $220,303
Country Percentages by Sector
Related information

Related information

Foundations for Peace in the Artisanal Gold Mining Sector in Burkina Faso - Related information
Related links
Partner website — IMPACT
Global Affairs Canada
IFM International Security
Aid grant excluding debt reorganisation
Bilateral
Project-type interventions
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