The World Bank Implementation Status & Results Report Armenia EITI Support (P166274) Armenia EITI Support (P166274) EUROPE AND CENTRAL ASIA | Armenia | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2018 | Seq No: 3 | ARCHIVED on 05-Aug-2020 | ISR42987 | Implementing Agencies: Prime Minister's office, Prime Ministers Office, Republic of Armenia Key Dates Key Project Dates Bank Approval Date: 08-Feb-2018 Effectiveness Date: 18-Apr-2018 Original Closing Date: 30-Apr-2020 Revised Closing Date: 31-Jan-2021 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To assist the Government of Armenia to increase transparency and accountability in the mining sector by implementing the Extractive Industries Transparency Initiative standard. 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 Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status and Key Decisions The EITI Project in Armenia is moving steadily ahead and is providing an important platform for dialogue on the key challenges and opportunities of the mining sector in Armenia to key stakeholders. Armenia already produced two EITI reports which created debates and more deep analysis of the contribution of the sector to development. Armenia just received its first EITI validation results. The country managed to get the highest rating – “Satisfactory progress”. This really is the result of the dedicated and collaborative work of the Government of Armenia, civil society and the mining industry. The second EITI Report is ready. The launching event will be organised online due to the COVID 19 situation. The Report presentation will be followed a the panel discussion on economic impact of COVID 19 on the mining sector. The first beneficial ownership information is already disclosed. It is still under the e-register system, as the new Beneficial Ownership software is currenty under development . It will be ready by the November 2020. The ToR for the third EITI Report and Scoping Study are ready. The announcement will be published early August 2020. The Scoping study will review the potential to include mineral water and metal processing sectors in the EITI process. Risks Overall Risk Rating 8/5/2020 Page 1 of 4 The World Bank Implementation Status & Results Report Armenia EITI Support (P166274) Risk Category Rating at Approval Previous Rating Current Rating Overall Moderate Moderate Moderate 5. Results Project Development Objective Indicators IN00877432 ►3rd EITI report, in line with EITI standards, published (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No Yes Yes Yes Date 18-Dec-2017 22-May-2019 24-Jul-2020 30-Nov-2020 IN00877447 Percentage of extractive industry production value reported; (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 100.00 100.00 90.00 IN00877449 At least 50% of Recommendations of the EITI reports are included in governtments programmes for the following years (Percentage, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 25.00 40.00 50.00 IN00877435 ►Number of people actively engaged in EITI discussions (of which at least 30% women) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100.00 500.00 800.00 1,000.00 Date 23-Jan-2018 22-May-2019 24-Jul-2020 31-Dec-2020 IN00877448 number of women amongst participants (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 150.00 250.00 330.00 Date 23-Jan-2018 22-May-2019 24-Jul-2020 30-Nov-2020 IN00877446 ►Beneficial Owners of the mining sector are disclosed in line with beneficial ownership roadmap (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No Yes Yes Date 23-Jan-2018 22-May-2019 24-Jul-2020 30-Apr-2020 8/5/2020 Page 2 of 4 The World Bank Implementation Status & Results Report Armenia EITI Support (P166274) Intermediate Results Indicators IN00877433 ►A workplan for EITI mainstreaming implementation is designed and being implemented (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No No Yes Yes Date 23-Jan-2018 22-May-2019 24-Jul-2020 28-Feb-2020 IN00877434 ►Training and exchange visits organised for MSG ( breakdown by gender) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 3.00 4.00 4.00 Date 23-Jan-2018 22-May-2019 24-Jul-2020 30-Nov-2020 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P166274 TF-A6768 Effective USD 0.35 0.35 0.00 0.20 0.15 58% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P166274 TF-A6768 Effective 14-Feb-2018 20-Mar-2018 18-Apr-2018 30-Apr-2020 31-Jan-2021 Cumulative Disbursements 8/5/2020 Page 3 of 4 The World Bank Implementation Status & Results Report Armenia EITI Support (P166274) Restructuring History Level 2 Approved on 17-May-2019 ,Level 2 Approved on 17-Dec-2019 Related Project(s) There are no related projects. 8/5/2020 Page 4 of 4