Project profile — Canadian Fund for the Extractive Sector in Latin America and the Caribbean



Overview 

CA-3-D002768001
$20,000,000
IDB - Inter-American Development Bank (46012)
2016-02-05 - 2022-03-31
Operational
Global Affairs Canada
NGM Americas

Country / region 

• America, regional (100.00%)

Sector 

• Water And Sanitation: Water sector policy and administrative management (14010) (15.00%)
• Mineral Resources And Mining: Mineral/mining policy and administrative management (32210) (85.00%)

Policy marker 

• Gender equality (not targeted)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (significant objective)
• Disability (not targeted)
• ICT as a tool for development (not targeted)

Description 

This project seeks to support countries in Latin America and the Caribbean in managing their extractive sectors through evidence based decision-making and improved regulations. Project activities include: (1) developing decision-making tools and information products; (2) supporting dialogue and efforts to influence the regulatory environment; and (3) providing country-level technical assistance to foster innovation in the sector.

Expected results 

The expected outcomes for this project include: (1) improved governance and competitiveness of the extractives sector; (2) strengthened economic integration of extractive activities; (3) improved evidence-based decision-making; and (4) enhanced stakeholder engagement effectiveness.

Results achieved 

Results achieved as of March 2019 include: (1) supported the methodology design, coordination and oversight that enabled the launch of Mining Vision 2030 for Peru. The project, launched by the President of Peru, outlines sector planning for the next decade, thus improving conditions for better sector governance; (2) supported the design and implementation of a data visualization tool for Peru under the campaign “Peru País Minero”; (3) completed the first Emerging Women Leaders Program for the extractive sector in Peru, graduating 29 women from the private and public sectors; (4) created the Certifying Commission on Mineral Resources and Reserves, in Colombia, which enabled the country to become a member of the Committee for Mineral Reserves International Reporting Standards in May 2018; (5) supported the Mining and Energy Ministry of Colombia to adopt the “Gender Equity in Mining and Energy 10 Guidelines” and published the action plan to further gender equity in the sector; (6) assisted in integrating the Human Rights Policy for Mining and Energy in Colombia; (7) enhanced the Dominican Republic’s Ministry of Mines capacity on the Extractive Industries Transparency Initiative and supported the publication of the second EITI-RD contextual report through the online platform “Portal de Transparencia EITI-RD” (www.eitird.mem.gob.do); and (8) published a study on stakeholder engagement best practices in extractives for five Latin America and the Caribbean countries with over 40 case studies, in English and Spanish.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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