RDF Quarterly Impact Report
3rd Quarter Impact Results – US$ 2.7 million recorded for the governments of Sierra Leone, Liberia, Malawi, and Mali.
During the third quarter 2015, RDF systems supported low-income governments to record themselves US$ 2.7 million in government revenues. The result consisted of government revenues from mining, forestry and property tax to the governments of Sierra Leone, Liberia, Malawi and Mali.
This impact result follows a much lower overall trend than in 2013-2014 due to the collapse in iron ore prices and subsequent reduced royalty payments to the Government of Sierra Leone.
Total cumulative revenues recorded in RDF systems deployed in government institutions are now US$ 163.2 million.
All revenues for Sierra Leone and Malawi are made public through the online repository portals. The Sierra Leone Online Repository has now over 2,300 registered users, of which over 65% are mining companies and investors. A similar system will soon be launched in Liberia, Mali and Ghana.
The goal of RDF is to help low-income governments mobilize US$ 1 billion by the end of 2015. RDF has already exceeded its programme target of US$ 100 million cumulative revenues for the Government of Sierra Leone, a country that RDF has supported for several years, and projected total revenue for all current programmes is estimated at US$ 200 million. Other countries, such as Ghana, a country that RDF has recently launched a project, are expected to contribute to significant increase in revenue recorded during 2015.