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: 2 | ARCHIVED on 23-Mar-2020 | ISR34249 | Implementing Agencies: Ministry of Finance, 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-Sep-2020 pdoTable 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 Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Moderately Satisfactory Satisfactory Overall Implementation Progress (IP) Moderately Satisfactory Satisfactory Implementation Status and Key Decisions The Suriname EITI Technical Assistance RE was signed on Dec 6, 2017 and its Effectiveness successfully declared on March 2, 2018. By February 2020, about 79% of the Grant had disbursed and progress has been made towards the achievement of the grant's indicators: i) The first and second EITI National Reports were published in 2019; ii) citizen engagement in accountability and governance of extractive industries has been promoted through the dissemination of the EITI initiative (including launch of the SEITI website) and outreach activities; iii) EITI Multi-stakeholder Group (MSG) meetings have been held and documented; iv) members of the SEITI Secretariat and other key stakeholders have received training on EITI.. The grant was restructured in 2020 to accommodate: i) a change in the implementing agency; and ii) a request to extend the grant's duration from March 2020 to September 2020. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall Moderate Moderate Moderate 3/23/2020 Page 1 of 3 The World Bank Implementation Status & Results Report Suriname Extractive Industries Technical Assistance RE (P163612) 5. Results Project Development Objective Indicators IN00805952 ►Annual publication of reconciled information on extractive industries’ revenues (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 31-Aug-2017 -- 13-Feb-2020 30-Sep-2020 IN00805954 ►Citizen engagement in accountability and governance of extractive industries (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 30-Jun-2017 -- 13-Feb-2020 30-Sep-2020 Intermediate Results Indicators IN00805951 ►Completion and documentation of MSG meetings (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 50.00 20.00 Date 30-Jun-2017 -- 13-Feb-2020 30-Sep-2020 IN00805953 ►Number of Secretariat staff and Stakholders completing training (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 41.00 100.00 Date 30-Jun-2017 -- 13-Feb-2020 31-Mar-2020 IN00805955 ►Number of outreach events, including in the interior (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 4.00 10.00 Date 30-Jun-2017 -- 13-Feb-2020 31-Mar-2020 3/23/2020 Page 2 of 3 The World Bank Implementation Status & Results Report Suriname Extractive Industries Technical Assistance RE (P163612) 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 0.28 0.07 79% Key Dates (by loan) 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-Sep-2020 Cumulative Disbursements Restructuring History Level 2 Approved on 30-Jan-2020 Related Project(s) There are no related projects. 3/23/2020 Page 3 of 3