The Coal Sector Adjustment Loan Project will help the government put in place a consistent policy and institutional framework for the continuous and socially sustainable restructuring of the coal sector and provide assistance in implementing the initial steps of the overall restructuring program. The project will support: 1) a program for the progressive reduction and eventual elimination of subsidies through the elimination of subsidies for operating losses and investment, the redirection of remaining subsidies towards restructuring and related social programs and the establishment of a transparent mechanism for the allocation and effective monitoring of subsidies; 2) special community support and employment programs in areas where coal-related unemployment is expected to be high; and 3) the development and initial implementation of measures intended to commercialize and de-monoplize the coal sector.
Details
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Document Date
1996/06/05
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Document Type
President's Report
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Report Number
P6919
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Volume No
1
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Total Volume(s)
1
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Country
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Region
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Disclosure Date
2012/07/10
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Disclosure Status
Disclosed
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Doc Name
Russian Federation - Coal Sector Adjustment Loan Project
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Keywords
coal industry;coal company;coal subsidy;coal sector;investment need;Letter of Sector Development Policy;coal industry restructuring;social assets;positive real interest rates;Energy & Environment;impact of mine closures;Local Economic Development;alternative sources of funding;Policy and Institutional Framework;restructuring program;joint stock company;social and environmental;distribution of subsidies;social protection expenditure;
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Citation
Russian Federation - Coal Sector Adjustment Loan Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/895231468093278483/Russian-Federation-Coal-Sector-Adjustment-Loan-Project