Presentation on theme: "1 What is IFC CommDev? $12 million fund Focus on sustainable benefits to communities from Extractive Industry Offers capacity building, technical assistance,"— Presentation transcript:
1 What is IFC CommDev? $12 million fund Focus on sustainable benefits to communities from Extractive Industry Offers capacity building, technical assistance, tool development and information sharing Global, but emphasizes Africa (60%)
Results of IFC CommDev 2 Increased the impact of extractive industry revenues on poverty reduction in Peru and Colombia Increased women in the workforce at Lonmin Built capacity in Ghana for multistakeholder planning Raised standard of participatory processes in EI community development Delivered capacity building directly to companies to implement strategic, sustainable approaches Delivered public goods on risk mitigation, indicators, and participatory planning Built CommDev.org for practitioners to learn and engage Developed national framework for community development in Guinea Improved M&E frameworks for IFC clients
3 Spotlight: Lonmin Increased number of local suppliers and the value of Lonmin’s local procurement contracts - 30 local suppliers received 165 contracts worth US$43.3m. Generated a 42% jump in Lonmin’s female workforce through the Women in Mining program. Developed project planning process for Lonmin’s key stakeholders, resulting in +20 projects worth over US$12.1m addressing issues such as education, potable water, and agriculture.