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Russian Federation - Coal Sector Adjustment Loan Project (Inglês)

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.




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