Public Disclosure Copy The World Bank Implementation Status & Results Report Armenia Mineral Sector Policy (P163060) Armenia Mineral Sector Policy (P163060) EUROPE AND CENTRAL ASIA | Armenia | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2018 | Seq No: 2 | ARCHIVED on 31-May-2019 | ISR36870 | Implementing Agencies: Republic of Armenia, PID , Ministry of Finance Key Dates Key Project Dates Bank Approval Date:21-Aug-2017 Effectiveness Date:06-Nov-2017 Original Closing Date:30-Apr-2020 Revised Closing Date:30-Apr-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) To support the development of a Mineral Sector Policy for Armenia that focuses on strengthening of the contribution of the mining sector to sustainable economic growth. 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  Moderately Satisfactory Overall Implementation Progress (IP)  Moderately Satisfactory  Moderately Satisfactory Implementation Status and Key Decisions The project to develop a Mineral Sector Policy requires strong inter-ministerial collaboration and coordination, as it needs inputs from the mining department, but also Environment, Economy and Health. For that reason, it has been positioned within the Prime-Minister's office, supported by an inter-ministerial steering committee. Two ' deep dive' studies are planned as preparation for the development of the actual policy. The first one, the Economic assessment, which look s at the contribution of the mining sector as a whole to Armenia's economy, is currently under way. The Government, in close collaboration with the 5/31/2019 Page 1 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Armenia Mineral Sector Policy (P163060) Ministry of Energy Infrastructure and Natural Resources and the EITI Multi-Stakeholder Group (MSG) reviewed and commented on the initial deliverables. The Selection of the consulting firm for the second study, an Environmental and Health Assessment, which aims to assess the past, present and future impacts of mineral extraction on Armenia's environment and the health of its population, is finalized. The contract will be signed by the end of the month. Both reports are expected to be finalized early fall. The process of stakeholder consultations for the development of an actual mining policy will start then. The Deputy Minister of the Ministry of Energy, Infrastructure and Natural Resources participated in the Intergovernmental Mining Forum (IGF) as part of the project capacity building activities. Risks Overall Risk Rating Risk Category Rating at Approval Previous Rating Current Rating Overall  --  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL A mineral sector Policy is developed through an inclusive multi stakeholder process that is in line with international good practices and standards for sustaimnable mineral sector governance (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 19-May-2017 -- 21-May-2019 31-Mar-2020 PHINDPDOTBL Representatives from communities affected by mining ( both men and women)participate actively in a dialog onthe future of the sector (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 10.00 80.00 Date 19-May-2017 -- 21-May-2019 25-Dec-2019 5/31/2019 Page 2 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Armenia Mineral Sector Policy (P163060) PHINDPDOTBL A permanent dialog forum for key stakeholders within the mining sector is put in place and allows for better knowledge and access to information on the sector and its impacts (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- Y Y Date 19-May-2017 -- 21-May-2019 31-Mar-2020 Overall Comments Intermediate Results Indicators PHINDIRITBL Analytical reports Produced (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N -- N Y Date 19-May-2017 -- 21-May-2019 16-Dec-2019 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P163060 TF-A5519 Effective USD 0.45 0.45 0.00 0.06 0.39 14% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P163060 TF-A5519 Effective 25-Oct-2017 25-Oct-2017 06-Nov-2017 30-Apr-2020 30-Apr-2020 5/31/2019 Page 3 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Armenia Mineral Sector Policy (P163060) Cumulative Disbursements Restructuring History Level 2 Approved on 20-May-2019 Related Project(s) There are no related projects. 5/31/2019 Page 4 of 4 Public Disclosure Copy