|Approval Date||20 Dec 2013|
|Signature Date||25 Apr 2014|
|Planned Completion Date||30 Jun 2019|
|Last Disbursement Planned Date||30 Jun 2019|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
The present Technical Assistance Project seeks to enhance the administration of revenue from extractive industries to improve transparency and accountability in the extractive industries. The project will assist Sierra Leone and Mano River Union (MRU) member states (Liberia, Guinea and Côte d'Ivoire) to deepen their knowledge of regional dynamics of the extractive industries through a study on regional fiscal harmonisation of mineral taxation regimes. The project interventions are articulated around two interrelated components that are: Component 1 - Establishment of an Extractive Industry Revenue Unit (EIRU): This component is aimed at providing technical assistance for the establishment of an Extractive Industry Revenue Unit (EIRU) within the National Revenue Authority (NRA); Component 2 - Establishment of a Natural Resource Charter (NRC) Benchmarking Framework for Sierra Leone: This component aims at supporting the Government of Sierra Leone to conduct a comprehensive and inclusive benchmarking exercise that will promote good governance of and accountability for natural resources.
The overall goal of the project is to strengthen the institutional capacities of the National Revenue Authority (NRA), the National Minerals Agency (NMA), the Ministry of Mines and Mineral Resources (MMR), and the Ministry of Finance and Economic Development (MoFED) for enhanced natural resources governance and revenue collection.
The principal beneficiaries of this project are the Government of Sierra Leone and Governments of other three member MRU states that will gain some knowledge of the benefits of harmonising their tax regimes. In addition, the MRU Secretariat will acquire some expertise that will enable them to coordinate the harmonisation of MRU member countries' minerals taxation regimes. Its other key direct and indirect beneficiaries will be NRA, NMA, and MoFED. Other government departments, the private sector (including companies operating in the extractive industries and artisanal miners), Civil Society Organisations, as well citizens of the member states who will also benefit from an improved natural resources governance and improved revenue collection.
Fragile States Facility
Ministry of Finance and Economic Development
|Last Update||21 Jan 2021|