DFC-SMALL MINING CRE

closed

Closed

This report appraises the Small-scale Mining Development Project for the development of the small mining sector in Bolivia, consisting of a supervised credit program, survey of small mines and technical assistance to participating institutions. Its overall cost is estimated at US$18.2 million equivalent. The Bank loan of US$12.0 million to the Government would cover the project's estimated foreign exchange costs. It is the third Bank Group financing for the mining sector but the first one for small mining. Of the total loan amount, US$9.0 million would be relent to the Banco Minero de Bolivia (BAMIN) for financing mining subprojects; US$1.9 million would be used for equipment and technical assistance to the Bolivian Geological Service (GEOBOL) to continue the survey of small mines, including pre-investment studies, and provide technical assistance to small miners; and US$1.1 million would be used for technical assistance to the Ministry of Mines and Metallurgy (MMM) in policy planning and cadastral survey and to BAMIN in project evaluation and supervision. To finance the project's local costs, BAMIN and its loan beneficiaries would provide, in equal parts, an equivalent of about US$4.0 million, and the Government would contribute the remaining US$2.1 million.

World Bank Group

Project

Metal, Government