Sustainable Funding for EITI Implementation in Africa
Discussion on long-term funding plans, challenges, and opportunities for national EITI implementation in Anglophone/Lusophone countries in Africa. Highlights the Extractives Global Programmatic Support (EGPS) Trust Fund, funding processes, strategic issues, and key indicators.
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Presentation Transcript
Peer Learning Event for EITI Implementing Anglophone/Lusophone Countries in Africa Radisson Blu Hotel, Lusaka, Zambia 21-23 November 2017 Discussion on sustainable funding for national EITI implementation Anwar Ravat Consultant, World Bank / EGPS trust fund
To discuss: long term funding plans including domestic sources; challenges of EGPS funding: application documentation, scope and duration of the grant, timing of disbursements and requests for extension; and opportunities to reduce costs. Overview - Extractives Global Programmatic Support (EGPS) Trust Fund 8 donors to date US$32 million contributions to date But is not solely for EITI support (as was the previous EITI MDTF in 2003-2015) EGPS covers 4 pillars: Legal; local economic diversification; EI institutions - & EITI Extractive countries and EITI MSGs submit proposals / requests World Bank discusses these proposals with EGPS donors for approval as grants Key message Support for EITI is a priority for WB and is so since 2003
Time taken from funding request to disbursement approval: review and discussion with EGPS donors for approval or not cash flow: awaiting incoming donor funds for already-approved EGPS EITI grants WB legal, fiduciary and procurement: EGPS grants follow same procedure as WB loans Disbursement: follow same request-review-legal approval-action cycle as WB loans Strategic issues with EGPS funding as discussed with EITI Board although EITI is just one pillar out of four, EGPS allocations for EITI already exceed 50%. EITI is a priority further, pipeline of requests for EITI ALONE now outstrips total available funds in EGPS even current EGPS approvals await donor contributions to allow for in/out cash flows hence critical need for trade-offs: new countries vs repeat funding; etc on top, mainstreaming agenda or broad policy issues like beneficial ownership involves much higher investment
