Radisson Blu Hotel, Lusaka, Zambia 21-23 November 2017 Peer Learning Event for EITI Implementing Anglophone/Lusophone Countries in Africa Radisson Blu Hotel, Lusaka, Zambia 21-23 November 2017 Discussion on sustainable funding for national EITI implementation Anwar Ravat Consultant, World Bank / EGPS trust fund

Overview - Extractives Global Programmatic Support (EGPS) Trust Fund To discuss: long term funding plans including domestic sources; challenges of EGPS funding:  application documentation, scope and duration of the grant, timing of disbursements and requests for extension; and opportunities to reduce costs. Overview - Extractives Global Programmatic Support (EGPS) Trust Fund 8 donors to date – US$32 million contributions to date But is not solely for EITI support (as was the previous EITI MDTF in 2003-2015) EGPS covers 4 pillars: Legal; local economic diversification; EI institutions - & EITI Extractive countries and EITI MSGs submit proposals / requests World Bank discusses these proposals with EGPS donors for approval as grants Key message – Support for EITI is a priority for WB – and is so since 2003

Time taken from funding request to disbursement approval: review and discussion with EGPS donors – for approval or not cash flow: awaiting incoming donor funds for already-approved EGPS EITI grants WB legal, fiduciary and procurement: EGPS grants follow same procedure as WB loans Disbursement: follow same “request-review-legal approval-action” cycle as WB loans Strategic issues with EGPS funding as discussed with EITI Board although EITI is just one pillar out of four, EGPS allocations for EITI already exceed 50%. EITI is a priority further, pipeline of requests for EITI ALONE now outstrips total available funds in EGPS even current EGPS approvals await donor contributions to allow for in/out cash flows hence critical need for trade-offs: new countries vs repeat funding; etc on top, mainstreaming agenda or broad policy issues like beneficial ownership involves much higher investment

ANNEX – SOME KEY EGPS INDICATORS