The World Bank Group is an international financial institution that provides loans to developing countries. The World Bank is involved in the extractive industry sector in various ways. One primary objective is the transparent management of extractive industry revenues, to prevent corruption and increase the accountability of the extractive industry as well as governments.
The World-Bank supports also the extractive industry in providing extensive credits and investments facilities.
Key partnerships and initiatives supported by the World Bank Group are:
- The EITI Multi-Donor Trust Fund:
Managed by the World Bank, it has the aim of providing technical assistance to governments implementing EITI.
- The Extractive Industries Technical Advisory Facility:
This is a multi-donor trust fund facilitating advisory services to resources-rich and developing country governments for capacity building in extractive industry contract negotiations and associated policy reforms.
Click here to access the World Bank Group’s website relating to the extractive industry sector.
The World Bank Group has developed several partnerships with a wide range of organisations engaged with the extractive industry sector. The partner organisations are: