MIN SECT INV PROMOT

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The overall objectives of the Mining Sector Investment Promotion Project are to strengthen the government's capacity to act as facilitator and regulator, and to attract private investment for mining sector development. For this purpose, the project will provide financing for technical and capacity building services needed to: 1) revise the legal and regulatory framework; 2) furnish adequate geological information to private investors; 3) improve the efficiency of the administration; and 4) restructure existing mining operations in line with the new policies and regulations. The project will comprise the following: 1) a legal component, aimed at improving the overall legal and regulatory framework for the mining sector; 2) a data component, aimed at furnishing essential information for investors and public administration, such a mining data bank and a geological map; 3) an institutional component, aimed at strengthening the government's capacity to facilitate private investment and apply regulations in the mining sector; and 4) a restructuring component, aimed at preparing the restructuring of existing mining enterprises.