| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 23.00 |
Competitiveness and Sector Diversification
Abstract*
The development objective of Competitiveness and Sector Diversification Project is to support sector governance improvements and increase competitiveness in targeted industries in Suriname. This project has three components. 1) The first component, Strengthening the mining sector governance, transparency, accountability, and administration, focuses on supporting improvements to the legal, regulatory, and institutional framework governing mining in... Show More
Development Objective
The project development objective is to support sector governance improvements and increase competitiveness in targeted industries in Suriname.
Key Details
Project Details
P166187
Active
Ifeyinwa Bonheur , Boubacar Bocoum
Republic of Suriname
August 8, 2018
(as of board presentation)
July 9, 2019
December 19, 2019
US$ 23.00 million
Ministry of Economic Affairs, Entrepreneurship and Technological Innovation (MEA),Ministry of Natural Resources
2020
US$ 23.00 million
B
April 5, 2024
December 31, 2026
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 23.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 23.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 23.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 9, 2021 | IBRD-89850 | Int Charges | 26,757.39 |
| Aug 15, 2022 | IBRD-89850 | Int Charges | 32,798.89 |
| Feb 17, 2022 | IBRD-89850 | Int Charges | 25,144.50 |
| Feb 17, 2022 | IBRD-89850 | Int Charges | 22,747.72 |
| Aug 15, 2022 | IBRD-89850 | Int Charges | 24,734.54 |
| Feb 15, 2023 | IBRD-89850 | Int Charges | 25,144.50 |
| Feb 15, 2023 | IBRD-89850 | Int Charges | 74,631.18 |
| Jul 9, 2019 | IBRD-89850 | Loan Commitment | 23,000,000.00 |
| Jun 29, 2023 | IBRD-89850 | Loan Disb | 586,472.60 |
| Aug 2, 2023 | IBRD-89850 | Loan Disb | 562,567.30 |
| Aug 25, 2023 | IBRD-89850 | Int Charges | 24,495.66 |
| Aug 25, 2023 | IBRD-89850 | Int Charges | 98,856.53 |
| Aug 15, 2024 | IBRD-89850 | Int Charges | 222.94 |
| Aug 15, 2024 | IBRD-89850 | Int Charges | 7,007.08 |
| Aug 15, 2024 | IBRD-89850 | Int Charges | 17,449.20 |
| Jan 12, 2024 | IBRD-89850 | Loan Disb | 959,953.50 |
| Dec 8, 2023 | IBRD-89850 | Loan Disb | 2,442,757.50 |
| Aug 15, 2024 | IBRD-89850 | Int Charges | 272,064.22 |
| Jun 28, 2024 | IBRD-89850 | Loan Disb | 5,171,082.00 |
| Feb 15, 2024 | IBRD-89850 | Int Charges | 238.88 |
| Feb 15, 2024 | IBRD-89850 | Int Charges | 22,305.21 |
| Feb 15, 2024 | IBRD-89850 | Int Charges | 6,010.03 |
| Feb 15, 2024 | IBRD-89850 | Int Charges | 184,986.98 |
| Dec 19, 2019 | IBRD-89850 | Loan Disb | 57,500.00 |
| Dec 19, 2019 | IBRD-89850 | Fee Charges | 57,500.00 |
| Mar 9, 2021 | IBRD-89850 | Int Charges | 11,208.00 |
| Dec 28, 2020 | IBRD-89850 | Loan Disb | 1,452,000.00 |
| Oct 2, 2020 | IBRD-89850 | Int Charges | 13,033.17 |
| Oct 2, 2020 | IBRD-89850 | Int Charges | 310.34 |
| Oct 2, 2020 | IBRD-89850 | Int Charges | 16,052.89 |
| Oct 2, 2020 | IBRD-89850 | Int Charges | 12,468.51 |
| Oct 2, 2020 | IBRD-89850 | Int Charges | 875.00 |
| Sep 15, 2020 | IBRD-89850 | Loan Disb | 1,538,883.20 |
| Aug 27, 2021 | IBRD-89850 | Int Charges | 1,591.37 |
| Aug 27, 2021 | IBRD-89850 | Int Charges | 23,143.17 |
| Aug 15, 2021 | IBRD-89850 | Int Charges | 487.20 |
| Aug 15, 2021 | IBRD-89850 | Int Charges | 2,753.97 |
| Aug 15, 2021 | IBRD-89850 | Int Charges | 23,143.17 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Overall Safeguards Rating | Satisfactory | 2024-11-15 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-11-15 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-11-15 |
| Procurement | Moderately Satisfactory | 2024-11-15 |
| Project Management | Moderately Satisfactory | 2024-11-15 |
| Monitoring and Evaluation | Moderately Unsatisfactory | 2024-11-15 |
| Financial Management | Satisfactory | 2024-11-15 |
| Project Management | Satisfactory | 2024-11-15 |
| Overall Safeguards Rating | Satisfactory | 2024-11-15 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-11-15 |
| Progress towards achievement of PDO | Moderately Satisfactory | 2024-11-15 |
| Procurement | Moderately Satisfactory | 2024-11-15 |
| Monitoring and Evaluation | Moderately Unsatisfactory | 2024-11-15 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Percentage of mining concessions subject to formal inspections following good international practices Value 0.00 0.00 50.00 Date May 15, 2019 January 19, 2024 September 30, 2025 Comment Increase in revenue of SMEs benefitting from project support Value 0.00 0.00 15.00 Date May 15, 2019 January 22, 2024 September 30, 2025 Comment Number of regulatory or policy reforms adopted to strengthen governance and competitiveness in targeted industries Value 0.00 2.00 14.00 Date May 15, 2019 January 22, 2024 September 30, 2025 Comment Increase in revenue of SMEs benefitting from project support that are women-owned or that employ a majority of female workers Value 0.00 0.00 0.00 Date Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Standard operating procedures and associated documentation of key mining functions within the Minerals Institute produced Value 0.00 0.00 7.00 Date March 29, 2019 January 19, 2024 September 30, 2025 Comment Number of SMEs benefitting from capacity upgrading support Value 0.00 200.00 160.00 Date March 29, 2019 January 22, 2024 March 29, 2025 Comment Number of government staff trained to manage, regulate, and monitor the mining sector (disaggregated by gender and function) Value 0.00 15.00 35.00 Date March 29, 2019 January 19, 2024 September 30, 2025 Comment Of which women-owned Value 0.00 0.00 8.00 Date Comment Establishment of a system for transparent assessment and collection of revenues from the mining sector Value No No Yes Date May 15, 2019 January 19, 2024 March 29, 2025 Comment Number of SMEs receiving matching grants Value 0.00 26.00 150.00 Date March 29, 2019 January 22, 2024 March 29, 2025 Comment Number of mining concessions monitored and inspected by the Mines Inspectorate Department in collaboration with other relevant agencies Value 0.00 4.00 25.00 Date March 29, 2019 January 19, 2024 September 30, 2025 Comment Of which women-owned Value 0.00 0.00 4.00 Date Comment Volume of private co-investment in competitive upgrading Value 0.00 1386447.00 1500000.00 Date March 29, 2019 January 22, 2024 March 29, 2025 Comment Number of recommended business environment regulations, codes, policies, or procedures adopted Value 0.00 2.00 4.00 Date May 15, 2019 January 22, 2024 September 30, 2025 Comment Beneficiaries satisfied with quality of services provided under Component 2 Value 0.00 92.00 85.00 Date March 29, 2019 January 22, 2024 March 29, 2025 Comment