Public Disclosure Copy The World Bank Implementation Status & Results Report Suriname Extractive Industries Technical Assistance RE (P163612) Suriname Extractive Industries Technical Assistance RE (P163612) LATIN AMERICA AND CARIBBEAN | Suriname | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2018 | Seq No: 1 | ARCHIVED on 11-Sep-2018 | ISR33883 | Implementing Agencies: Government of Suriname, Ministry of Natural Resources Key Dates Key Project Dates Bank Approval Date:06-Dec-2017 Effectiveness Date:02-Mar-2018 Original Closing Date:30-Mar-2020 Revised Closing Date:30-Mar-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) The development objective is to support Suriname's participation in the Extractive Industries Transparency Initiative (EITI) towards more transparent and efficient management of its mining and oil sectors. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  --  Moderately Satisfactory Overall Implementation Progress (IP)  --  Moderately Satisfactory Implementation Status and Key Decisions The EITI is an essential initiative to improve dialog and transparency within extractive industries in Suriname. The World Bank EITI Grant was signed on Dec 6, 2017 and its Effectiveness successfully declared on March 2, 2018. The first EITI exercise to reconcile payments from extractive industries with revenues received by government agencies is under way. It should initiate meaningful discussions about transparencies among stakeholders and help keep momentum of the entire initiative in the near term. The Bank is encouraging Government to put in place appropriate implementation arrangements so that procurement, financial management and 9/11/2018 Page 1 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Suriname Extractive Industries Technical Assistance RE (P163612) disbursement issues do not slow down the implementation of EITI. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  Moderate  --  Moderate Results Project Development Objective Indicators PHINDPDOTBL Annual publication of reconciled information on extractive industries’ revenues (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 31-Aug-2017 -- 30-Aug-2018 31-Mar-2020 PHINDPDOTBL Citizen engagement in accountability and governance of extractive industries (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 30-Jun-2017 -- 30-Aug-2018 31-Mar-2020 Overall Comments Intermediate Results Indicators 9/11/2018 Page 2 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Suriname Extractive Industries Technical Assistance RE (P163612) PHINDIRITBL Completion and documentation of MSG meetings (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 5.00 20.00 Date 30-Jun-2017 -- 30-Aug-2018 31-Mar-2020 PHINDIRITBL Number of Secretariat staff and Stakholders completing training (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 10.00 100.00 Date 30-Jun-2017 -- 30-Aug-2018 31-Mar-2020 PHINDIRITBL Number of outreach events, including in the interior (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 0.00 10.00 Date 30-Jun-2017 -- 30-Aug-2018 31-Mar-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P163612 TF-A6097 Effective USD 0.35 0.35 0.00 0.14 0.21 41% Key Dates (by loan) 9/11/2018 Page 3 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Suriname Extractive Industries Technical Assistance RE (P163612) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P163612 TF-A6097 Effective 06-Dec-2017 06-Dec-2017 02-Mar-2018 30-Mar-2020 30-Mar-2020 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 9/11/2018 Page 4 of 4 Public Disclosure Copy