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RG-T2781 : CANEF - Canadian Facility for the Extractives Sector

Project Status: Implementation

The general objective of the Canadian Facility for the Extractives Sector (CANEF) is to provide innovative and sustainable solutions for challenges in the extractive sector in Latin America and the Caribbean (LAC) that contribute to social, environmental and economic sustainability. The specific objectives of CANEF are to support the generation of strategic regional public goods that (i) foster long-term perspectives for sector development and responsible investment, and improve cross-sector collaboration and institutional strengthening; (ii) provide technical expertise and resources to tackle specific sector issues, and (iii) facilitate knowledge and technology exchanges. In addition, CANEF will support technical assitance activities in at least three countries that (i) strengthen institutional and regulatory frameworks and improve technical capacity; (ii) facilitate stakeholder coordination, investment planning and execution; and (iii) foster local economic development opportunities.

Project Detail

Project Number
RG-T2781
Approval date
May 31, 2016
Project Country
Regional
Project Sector
ENERGY
Project Subsector
ENERGY-NEW OIL AND GAS AND EXTRACTIVE INDUSTRIES
Project Type
Technical Cooperation
Project Status
Implementation

Project Information

Total Cost
USD 2,400,000
Country counterpart financing
USD 0
Fund
CCF