Improvement Minning Sector Investments
The objective of this technical-cooperation project is to prepare draft legislation and guidelines for its future regulation, to reform the legal framework for the mineral resource sector, based on consensus-building with the stakeholders, to reform the regulatory framework of the mining sector with respect to the investment climate, the environment, and community participation, in order to promote private investment in the sector. The proposed reform will lay the legal foundation to: (1) attract private-sector investment in mining; (2) develop the mining industry on an environmentally sustainable basis; and (3) ensure the effective social and economic participation of rural communities in mineral resource development.The proposed technical-cooperation funding will finance a proposal for reform of the Mineral Resources Code and guidelines for its future regulation, to be prepared by the MICI with the support of consulting services specialized in the following areas: (1) mining investment climate, the environment, and community participation; and (2) organization of consensus-building workshops.

Project Detail

Country

Panama

Project Number

TC9811057

Approval Date

September 13, 2000

Project Status

Closed

Project Type

Technical Cooperation

Sector

INDUSTRY

Subsector

INDUSTRY

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 525,000.00

Country Counterpart Financing

USD 157,000.00

Original Amount Approved

USD 368,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MT-7130-PN Non-Sovereign Guaranteed USD - United States Dollar Technical Cooperation Facility Nonreimbursable
Operation Number ATN/MT-7130-PN
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Technical Cooperation Facility
  • Financial Instrument: Nonreimbursable