Criteria for Funding
While communities are the ultimate beneficiaries of CommDev’s activities, we support activities targeting different stakeholders, such as local civil society, government authorities at different levels, and private operators. Initially, support will go to initiatives associated with World Bank Group projects. CommDev will not finance project costs that would normally rest with investors, nor will it subsidize ongoing company costs for the implementation of planned corporate efforts to benefit communities that would have happened in any event. Initially, CommDev’s projects will be sourced and executed through the World Bank Group. As CommDev grows, the requirement of linkage to World Bank Group programs will be reassessed. CommDev is looking for:
- Tri-lateral approach—communities, companies and local/regional government
- Impact
- Sustainability
- Additionality—extra value-added sustainability and development impacts
- Replicability—potential for being used as models for other parts of the industry
- Innovation
- Partnership
- Funding leveraged from investors, donors, government or other stakeholders
- Local Content in delivery
- Ownership among stakeholders
- Relevance/timeliness
- Outputs supported by activities
- Clear stakeholders
- Building on existing experience
- Clear M & E criteria: outputs, outcomes and impacts
- Potential for skills to be transferred beyond the life of an oil, gas or mining project.