EGPS Umbrella Trust Fund 2019-2025
The Extractive Global Programmatic Support umbrella trust fund aims to improve the ability and capacity of current and emerging resource-dependent developing countries in using their oil, gas and mineral resources transparently for poverty alleviation, economic diversification, and sustainable and inclusive economic growth.
Country/region | Topic | Period | Budget |
---|---|---|---|
Global |
Income opportunities |
01.10.2019
- 31.12.2025 |
CHF 7’000’000
|
- World Bank - International Bank for Reconstruction and Development
-
Sector according to the OECD Developement Assistance Commitiee categorisation GOVERNMENT AND CIVIL SOCIETY
Sub-Sector according to the OECD Developement Assistance Commitiee categorisation Public finance management
Cross-cutting topics The project takes account of gender equality as a cross-cutting theme.
principal
Project number UR00927
Background |
While natural resources, in particular, non-renewable resources promise prosperity, in reality, many developing countries fail to use them for the benefit of their population. High rents incentivize corruption and conflict. Exhaustibility of resources, and price and revenue volatility deteriorate macro-economic stability when poorly managed. Hence, resource rich developing countries often suffer from lower economic growth and higher conflict rates than their theoretically poorer neighbours. Strengthening accountability, economic resilience, and increasing local community benefits and environmental protection could change this situation. |
Objectives |
Improve the ability and capacity of current and emerging resource-dependent developing countries in using their oil, gas and mineral resources transparently for poverty alleviation, economic diversification, and sustainable and inclusive economic growth. |
Medium-term outcomes |
Improve sector revenue transparency and efficiency of public management systems mainly through supporting the Extractive Industries Transparency Initiative implementation Promote evidence-based and effective regulation for the extractives sector to attract investments and ensure inclusive and sustainable development Integrate the extractive industry into the local economy to foster structural economic development on the local and national level Improve social and environmental performance of extractive industries, including artisanal and small scale mining, to benefit local communities, and mitigate impact on ecosystems |
Results |
Expected results: Published EITI Reports Finalized EITI Mainstreaming Plans EITI data integration in Public Financial Management systems (mainstreaming) supported Evidence-based draft policy, legal and regulatory frameworks supported Training/workshops and outreach activities for Civil Society Organizations and other stakeholder-groups provided Skills and local suppliers development programs, training and capacity building activities, especially to foster women?s participation provided Global and local knowledge products provided and exchange organized Multi-stakeholder dialogues on social, environmental, gender and health impacts of resource extraction conducted Results from previous phases: Selected results: - Support to EITI Implementation in more than 18 countries, including (i) publication of EITI Reports, (ii) building capacities of the EITI multi-stakeholder groups as well national EITI secretariats, (iii) communication and data dissemination about the EITI process and results to stakeholders, (iv) building capacities of civil society to engage more deeply on the extractives sector, and (iv) embedding the EITI process within the national legislative framework by providing support for formulation of draft EITI legislations - Support to regulatory reform in eligible countries, e.g., Mining sector diagnostics (Colombia), Mining legislation (Armenia) - Delve ASM platform (Knowledge product) - African Mining Legislation Atlas AMLA (Knowledge product) - The growing role of Minerals in a Low Carbon Future (Study) - GeoChains - Local Economic Diversification (Analytical Tool) |
Directorate/federal office responsible |
SECO |
Credit area |
Development cooperation |
Project partners |
Contract partner |
Budget | Current phase Swiss budget CHF 7’000’000 Swiss disbursement to date CHF 0 Budget inclusive project partner CHF 69’000’000 |
Project phases | Phase 2 01.10.2019 - 31.12.2025 (Current phase) Phase 1 01.01.2015 - 01.09.2022 (Completed) |