What is EGPS?

videoType

dynamic-media

videoDmUrl

keyFrameImage

videoDescription

Discover the Impact of EGPS

timestamp

00:08 EGPS works to empower resource rich countries to harness

00:11 their mineral endowment for sustainable growth.

00:14 We support our partner countries to improve governance,

00:18 transparency,

00:18 and accountability in extractive industries.

00:21 Ultimately,

00:22 our ambition is to leverage their natural resources for economic growth,

00:25 resilience,

00:26 and community.

00:34 The global community is in need for minerals

00:36 that are critical for the energy transition.

00:39 We support developing countries to manage the mining sector.

00:42 This is an opportunity

00:44 for them to leverage their sector for broader development.

00:47 In our CSM program,

00:48 we work with our partner countries towards the mining sector where production

00:52 happens

00:53 under the highest environmental and social standards

00:56 and with as little carbon footprint

00:58 as possible.

00:59 Secondly,

01:01 The increasing demand for minerals and metal

01:03 produces new opportunities for these countries.

01:06 The mining sector can be leveraged to develop

01:08 infrastructure such as roads and power plants.

01:12 And even more importantly,

01:13 there's an opportunity for economic diversification.

01:17 Our flagship rise partnership taps into those opportunities

01:20 and supports countries

01:22 that want to add value

01:23 to the minerals and values

01:24 by processing them

01:26 and even go towards manufacturing,

01:28 which could range

01:29 from copper cables to more sophisticated products.

01:32 But let me add a third and critical component

01:34 of EGPS which illustrates how EGPS is about people.

01:38 Artisanal and small-scale mining,

01:40 which has a significant environmental and social impact.

01:43 We support ASM communities in the trajectory

01:46 towards professionalization

01:48 and formality.

01:56 I would like to start by thanking

01:58 our existing developers who made it possible for us to engage in this sector.

02:02 We encourage interested countries

02:04 to join us to work together

02:06 on this agenda,

02:07 which is a central part of the energy transition

02:10 and that concerns us all.

showAllTimestamps

no

transcript

EGPS works to empower resource rich countries to harness their mineral endowment for sustainable growth. We support our partner countries to improve governance, transparency, and accountability in extractive industries. Ultimately, our ambition is to leverage their natural resources for economic growth, resilience, and community. The global community is in need for minerals that are critical for the energy transition. We support developing countries to manage the mining sector. This is an opportunity for them to leverage their sector for broader development. In our CSM program, we work with our partner countries towards the mining sector where production happens under the highest environmental and social standards and with as little carbon footprint as possible. Secondly, The increasing demand for minerals and metal produces new opportunities for these countries. The mining sector can be leveraged to develop infrastructure such as roads and power plants. And even more importantly, there's an opportunity for economic diversification. Our flagship rise partnership taps into those opportunities and supports countries that want to add value to the minerals and values by processing them and even go towards manufacturing, which could range from copper cables to more sophisticated products. But let me add a third and critical component of EGPS which illustrates how EGPS is about people. Artisanal and small-scale mining, which has a significant environmental and social impact. We support ASM communities in the trajectory towards professionalization and formality. I would like to start by thanking our existing developers who made it possible for us to engage in this sector. We encourage interested countries to join us to work together on this agenda, which is a central part of the energy transition and that concerns us all.

showAllTranscripts

no

duration

PT2M22S

scene7File

worldbank/WB_What_is_EGPS

scene7Domain

scene7FileAvs

worldbank/WB_What_is_EGPS-AVS

title

WB What is EGPS

description

WB What is EGPS

showTimestampAndTranscript

yes