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Sierra Leone - Technical Assistance and Capacity Building support to support minerals and extractive revenues governance

Sector: Commercial • Location: Sierra Leone

Source: African Development Bank (AfDB)

Project

The present Technical Assistance Project seeks to enhance the administration of revenue from extractive industries to improve transparency and accountability in the extractive industries. The project will assist Sierra Leone and Mano River Union (MRU) member states (Liberia, Guinea and Côte d'Ivoire) to deepen their knowledge of regional dynamics of the extractive industries through a study on reg

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The project “Sierra Leone - Technical Assistance and Capacity Building support to support minerals and extractive revenues governance” is an infrastructure initiative in the Commercial sector, located in Sierra Leone. Taiyo aggregates data on it from African Development Bank (AfDB).

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Description

Description

The present Technical Assistance Project seeks to enhance the administration of revenue from extractive industries to improve transparency and accountability in the extractive industries. The project will assist Sierra Leone and Mano River Union (MRU) member states (Liberia, Guinea and Côte d'Ivoire) to deepen their knowledge of regional dynamics of the extractive industries through a study on regional fiscal harmonisation of mineral taxation regimes. The project interventions are articulated around two interrelated components that are: Component 1 - Establishment of an Extractive Industry Revenue Unit (EIRU): This component is aimed at providing technical assistance for the establishment of an Extractive Industry Revenue Unit (EIRU) within the National Revenue Authority (NRA); Component 2 - Establishment of a Natural Resource Charter (NRC) Benchmarking Framework for Sierra Leone: This component aims at supporting the Government of Sierra Leone to conduct a comprehensive and inclusive benchmarking exercise that will promote good governance of and accountability for natural resources.

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