The World Bank Implementation Status & Results Report Armenia Mineral Sector Policy II (P173686) Armenia Mineral Sector Policy II (P173686) EUROPE AND CENTRAL ASIA | Armenia | Energy & Extractives Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2021 | Seq No: 1 | ARCHIVED on 19-Jan-2022 | ISR49888 | Implementing Agencies: Ministry of Territorial Administration and Infrastructure, Armenian Territorial Development Fund (ATDF) Key Dates Key Project Dates Bank Approval Date: 14-Aug-2020 Effectiveness Date: 25-Jan-2021 Original Closing Date: 30-Apr-2022 Revised Closing Date: 30-Apr-2022 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) To support the development of a Mineral Sector Policy and associated action plan for Armenia that focuses on strengthening the contribution of the mining sector to sustainable economic growth. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Satisfactory Implementation Status and Key Decisions The project is currently being successfully implemented, with analytical work and consultations taking place to support Government in its effort to issue a national Mining Policy. The selection process for the Mineral Sector Policy consultancy started in April 2021 and was finalized in September 2021 following procurement and negotiation delays. A contract was finally signed in October 2021 with the group Grant Thornton. The Grant Thornton team consists of international and local experts such as environment specialist, geologist, communication and gender specialist, etc. The Inception Report was produced and shared with a wide group of stakeholders for review and comments. Two series of stakeholder meetings have been organized to receive feedback and discuss Government and consultant views on specific topics related to the future of mining sector in Armenia. The first draft of the Policy should be ready by the end of January 2022. In parallel, a legal firm is being recruited to provide advice on legal options. Given the delays, the Ministry of Territorial Administration and Infrastructure requested a short extension of the project. This is currently being discussed and processed internally. Risks Overall Risk Rating 1/19/2022 Page 1 of 3 The World Bank Implementation Status & Results Report Armenia Mineral Sector Policy II (P173686) Risk Category Rating at Approval Previous Rating Current Rating Overall Moderate -- Moderate 5. Results Project Development Objective Indicators IN01088729 ►Mining Sector Policy is in Place (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 30-May-2020 -- 04-Jan-2022 30-Apr-2022 IN01088730 ►Environmental and social legal requirements are amended to be aligned with the policy (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 08-May-2020 -- 04-Jan-2022 29-Apr-2022 IN01088791 ►Relevant Government institutions staff are trained to implement Mining policy (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 -- 10.00 70.00 Date 08-May-2020 -- 04-Jan-2022 29-Apr-2022 Intermediate Results Indicators IN01088792 ►Stakeholder Consultations on the mining sector Policy have taken place in key mining communities and with key stakeholders (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 09-Jul-2020 -- 04-Jan-2022 29-Apr-2022 Data on Financial Performance Disbursements (by loan) 1/19/2022 Page 2 of 3 The World Bank Implementation Status & Results Report Armenia Mineral Sector Policy II (P173686) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P173686 TF-B3556 Effective USD 0.25 0.25 0.00 0.05 0.20 20% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P173686 TF-B3556 Effective 09-Oct-2020 17-Dec-2020 25-Jan-2021 30-Apr-2022 30-Apr-2022 Cumulative Disbursements Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 1/19/2022 Page 3 of 3