| Project Detail |
This Development Policy Financing (DPF) series addresses critical developmental challenges by supporting reforms related to macroeconomic stability, mining sector governance, land management practices, gender equality, and accountability of the public sector, while helping to meet increased financing needs. The supported reforms will help (i) address poor governance of the mining and land sectors; (ii) enhance inclusion in access to financial services, employment, and education; and (iii) contribute to reducing fiscal and debt vulnerabilities. This DPF builds on the strong foundation established by the two earlier operations in the series which initiated landmark legislative reforms, including to promote decentralized and inclusive land management and strengthen governance and licensing practices in the mining sector. By addressing key shortcomings in land management, mining sector governance and state-owned enterprise (SOE) governance, this operation is also strengthening climate adaptation and resilience. The structural reforms supported by this DPF are complemented by macro-stabilization reforms under the International Monetary Fund’s (IMF) Extended Credit Facility (ECF) program, which contains quantitative quarterly fiscal and monetary targets. The World Bank is also supporting key fiscal and debt reforms through the Sustainable Development Finance Policy (SDFP) engagement and ongoing technical assistance.
The program development objectives are to: (i) improve natural resource governance; (ii) enhance inclusiveness; and (iii) strengthen accountability and transparency in public finance. |
