Togo: World Bank to inject $300,000 in mining industry to make related activities more transparent

Mining
Wednesday, 14 March 2018 16:56
Togo: World Bank to inject $300,000 in mining industry to make related activities more transparent

(Togo First) - At the end of February 2018, World Bank approved a new programme to help Togo meet standards of the Initiative for Transparency in Extractive Industries (EITI).

In effect, the institution will inject $300,000 (about CFA160 million) in the programme which is steered by Morten Larsen, Mining Specialist of the World Bank, who knows West Africa very well.

The new facility comes after another valued at $15 million allocated to the ministry of mines in 2016. The latter was to support the implementation of a 5-year project for development and mining governance (PDGM in French) that extends to 2020. It would help boost governance and transparency in mining industry and also help better manage issues related to environment and socio-economic development as long as  those are connected to the industry.

PDGM, let’s recall, aims at improving management and monitoring of mine development activities in Togo; these include operating and exploration permits’ provision, mines’ closure and various mining operations carried out across the country.

Fiacre E. Kakpo

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.