Provincial Investment Monitoring in Lao PDR - PowerPoint PPT Presentation

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Provincial Investment Monitoring in Lao PDR
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Provincial Investment Monitoring in Lao PDR

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  1. Provincial Investment Monitoring in Lao PDR Poverty-Environment Initiative (PEI), April 2011 Monitoring as a key investment management activity

  2. Scope of PEI monitoring framework Investment data collection Approved Investments Compliance monitoring Monitoring Basic Impact/risk monitoring

  3. Scope of PEI monitoring framework • Interdepartmental monitoring activity: • Planning and Investment (DPI) • Industry & Commerce • Agriculture and Forestry (PAFO) • Water Resource s and Environment (WREO) • Land Management (NLMO) • Labor and Wellfare social impacts Approved Investments environmental impacts economic impacts Monitoring

  4. Types of monitoring and data: investment data Investment data collection (e.g. name of company, type of business, local jobs created, tax revenues generated)

  5. Types of monitoring and data: compliance Compliance monitoring (does the company follow the concession, IEE/ESIA or other contractual agreements)  Agreements contain measures to protect communities and the environment  Agreements often build on lessons learnt and intend to avoid bad impact that has happened before.

  6. Types of monitoring and data: impacts and risks Impact/risk monitoring (are impacts/risks on the environment and the local people notable)  Poor people strongly rely on the environment since natural resources remain an important source of livelihood.  Health of the environment links to the well being of local people.

  7. Dependence on natural resource base Possible consequences for economic development: A continuing degradation of natural resources can also impede economic development of the province.  main investment sectors depend on the natural resource base.

  8. Types of data

  9. Types of data

  10. Types of data

  11. Constraints of the monitoring • Does not cover impact monitoring where specific equipment for analysis is needed • Can only assess basic social and environmental impacts, without specific reference to regulatory standards. • Covers mostly indicators that can be assessed on a one-time spot check (some questions need to be asked to the community to assess past and current situations)

  12. Development plans and priorities assumptions, actions Law Concession IEE/ESIA social impacts Learning, adaptation Investments environmental impacts changing conditions economic impacts Analysis/ reporting immediate action Data-base Monitoring Data entry

  13. Investment monitoring data and support for investment decisions

  14. Investment Management Cycle Identify criteria for quality investments Learning, adaptation Investment promotion, calling list Data analysis Evaluation of investment applications, incl. ESIA Enforcement of relevant laws and agreements Contract negotiations and approval Monitoring

  15. Support for investment decisions • What is the contribution of monitoring data to sustainable management of investments? 1. Identification of sustainable investments • monitoring can show that some sectors or management standards may have less social and environmental impacts than others •  Help to focus on good quality investments and to promote them specifically – what types of management and social responsibility standards create quality?

  16. Support for investment decisions 2. Identification of shortcomings in investments to inform better management • Example: the monitoring can show that investors are not providing adequate protective equipment for staff or that they are not complying with contract/concession agreements. • This information can lead to changes in investment management (new conditions for investors)

  17. Support for investment decisions 3. Assessment if investments are effectively contributing to strategies and plans • Contribute important data towards Monitoring & Evaluation requirements at the Central level to assess progress and achievements of the NSEDP • Over time this data contributes to evaluation of provincial investment strategies and development goals

  18. Monitoring data for Investment planning ? • Which types of investments have proved to: • have generated added value to local socio-economic development • to be also environmentally sustainable

  19. Monitoring data for Investment planning Monitoring data contributes to effective management of investments and supports identification of quality investments

  20. 5 steps of investment monitoring • Preparation • Pre-monitoring protocol: • What actions do you need to take before going to do the monitoring? (i.e. announcement, authorization) • What do you need to bring with you? • Preparation for compliance monitoring • you need to know the investor agreements • put together project specific list of agreements • 1

  21. 5 steps of investment monitoring • Monitoring / site visit • Project data collection • Compliance check • Impact and risk assessment • Talk to community members • Different team members have different areas of expertise • Monitoring supports the mandate of the different departments • 2

  22. 5 steps of investment monitoring • Follow-up and enforcement of compliance • Possible situations that should trigger action: • non compliance • immediate threat to the environment • immediate threat to the health of people •  Identify questions and tresholds in the monitoring form that will trigger action •  Identify mechanism for reporting and enforcement of compliance and laws 3

  23. 5 steps of investment monitoring Data entry into database 4  Make information accessible for all involved line ministries

  24. 5 steps of investment monitoring Data analysis and reporting Assessing data for provincial Monitoring & Evaluation and for development planning  PEI/UNDP/IPD to develop guidance to how to analyze data and assess cumulative impact of investments in the province 5

  25. 3 main goals of investment monitoring assessment of impacts and identification of risks 1 control of compliance 2 get data for reporting and data analysis for further development planning 3

  26. Protect communities and the environment fromnegative impacts. Monitoring data contributes to effective management of investments and supports identification of sustainable investments 2 main benefits of monitoring for the province 1 2