The World Bank’s Board of Executive Directors has approved a $4 million project in Sierra Leone.
The development objective of the Mining Technical Assistance Project for Sierra Leone is to build Government’s capacity to improve management and regulation of the mining sector. There are three components to the project. The first component of the project is overarching regulatory frameworks for the mining sector. The objective of this component is to improve the regulation of the mining sector. This component provide government officials managing the mining sector with an environment and social screening process guidance that will enable the Government to identify, assess, and mitigate potential negative environmental and social impacts of downstream projects at the planning stage. The second component of the project is institutional strengthening. The objective of this component is to ensure good sector governance guided by the principles of transparent, non-discretionary, and efficient mining sector administration. The third component of the project is project management. This component will provide support to Ministry of Mineral Resources and Political Affairs (MMRPA) to implement the project activities, in accordance with the Bank’s fiduciary and other guidelines, including incremental operating costs, equipment for the project support team (PST), training, and audits.
This will be achieved by financing: (i) improvement of the regulatory regime for mining through preparation of environmental and social regulations and frameworks, as well as regulations for underground mining and precious minerals and diamonds trading; (ii) capacity building for the Ministry of Mineral Resources and Political Affairs to manage and promote geological data, develop selected mining areas rehabilitation plans, and improve administrative capacity; (iii) the provision of temporary salary support to the Ministry of Mineral Resources and Political Affairs and prospective National Minerals Agency to sustain their human resource base; and (iv) project management.
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