PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605365

Primary Business Area

Infrastructure

Disclosure Date

Jul 15, 2022

Country

Guinea

Region

Africa

IFC Approval Date

Jun 30, 2020

Status

Completed

Estimated Total Budget

$3,930,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 27, 2025

Project Estimated Start Date

Jul 16, 2020

Project Estimated End Date

Jun 30, 2024

Project Description

The main objective of the GAC Technical Assistance and Advisory Services project, is to improve GAC's performance in the management of risks related to local communities through ongoing stakeholder engagement, an improved Community Investment portfolio management of projects and increased capacity for local content management. This will be achieved through: Component 1 – Development of planning, capacity and tools for systematic Stakeholder Engagement: Building and strengthening GAC’s Community Relations Department knowledge and capacity to effectively engage and manage its stakeholders’ expectations and mitigate social and community risks to the company’s operations. Component 2 – Support the operationalization of GAC local content: Building GAC’s capacity on developing a local content baseline and management tools and systems to sustainably increase local content opportunities for local enterprises; and Component 3 – Strengthening GAC’s capacity in community Investments: Strengthening and sustaining GAC community investment approach a approach by providing strategic advice and recommendations to GAC Community Department, supporting the implementation of select community projects demonstration purposes and building the financial, technical and management capacities of communities with special focus on women and youth to create more livelihood opportunities, increase their income and foster sustainable and inclusive local economic development in GAC’s concession. Cross-cutting themes such as gender, youth inclusion and project measurement and evaluation are also vital to the achievement of the objectives of the Project. The GAC advisory Project is partially funded by Canada Global Affairs Canada and IFC.

Development Results

E&S Risks / Impacts and Mitigation