| Financier | Commitments |
|---|---|
| Extractives Global Programmatic Support | 0.50 |
Strengthening Transparency of the Extractives Industries through EITI Implementation
Abstract*
The extractive sector is a major part of the economy and main source of economy growth of Mongolia, and in 2019 it represented 23.7% of GDP and earned USD 6.7 billion in exports, some 83.7% of total exports for the year. In 2019, the general government budget revenue amounted to MNT 11.9 trillion, increased by MNT 1.9 trillion or 18.6% from which revenue generated from mineral resource sector amounted to MNT 2.9 trillion, increased by MNT 590.7 billion... Show More
Development Objective
To support achieve transparent systematic reporting to strengthen public accountability for the management of Mongolia’s mineral wealth.
Key Details
Project Details
P176874
Closed
Damian Brett
Mongolia
October 25, 2021
(as of board presentation)
March 9, 2022
May 2, 2022
US$ 0.50 million
Ministry of Mining and Heavy Industry
2022
US$ 0.50 million
N/A
January 9, 2024
December 31, 2023
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 0.50 |
| Total Project Cost** | 0.50 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Satisfactory Progress achieved in EITI implementation Value Meaningful Progress Satisfactory Progress Date January 31, 2022 December 31, 2023 December 29, 2023 Comment Number of government agencies that have implemented mainstream data reporting as required under the 2019 EITI Standard. Value 0.00 0.00 12.00 Date January 31, 2022 December 13, 2023 December 29, 2023 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Training of sub-national council members, with at least one focused on gender related issues Value 0.00 0.00 3.00 Date January 31, 2022 December 31, 2022 July 20, 2023 Comment Multi-Stakeholder Group reaching gender parity Value 30.00 0.00 27.60 Date January 31, 2022 December 31, 2022 December 29, 2023 Comment Implementation of the Beneficial Ownership Roadmap Value No Yes Date January 31, 2022 March 31, 2023 December 29, 2023 Comment Completing data systemization Value No Yes Date January 31, 2022 June 30, 2023 December 29, 2023 Comment Disclosure of EITI required data by SOE's Value 0.00 0.00 8.00 Date January 31, 2022 December 31, 2023 December 29, 2023 Comment