Sierra Leone - Technical Assistance and Capacity Building support to support minerals and extractive revenues governance


Project Summary

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
Sector Multi-Sector
DAC Sector Code 15110
Commitment U.A 1,200,000
Status Cancelled

Project General Description

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.

Project Objectives

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.

Beneficiaries

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.

Participating Organization

Funding
Fragile States Facility
Implementing
Ministry of Finance and Economic Development

Information

IATI identifier 46002-P-SL-KF0-008
Last Update 31 Oct 2019

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Contact Details

Name IBRAHIM Amadou
Email i.b.amadou@afdb.org

Geographic Location

Country Sierra Leone