FIMES Project (Financial Modelling for the Extractive Sector)

FIMES Project (Financial Modelling for the Extractive Sector)
The FIMES project aims to strengthen the capacity building of governments in eight resource-rich African countries (Guinea, Liberia, Mali, Madagascar, Niger, Sierra Leone, South Sudan, and Zimbabwe) and to use financial and fiscal modeling for the extractive sector (mining, oil, and gas) projects.

Active • September 01, 2020 > September 01, 2022

This project is built in collaboration with the Columbia Center on Sustainable Investment (CCSI) for the African Development Bank.

The project runs for 2 years, from September 2020 to August 2022.  It includes a three-part training cycle: 

  • A preliminary e-learning training workshop to allow participants to update their knowledge on modeling.
  • A second distance learning session on fiscal policy issues and the use of rent-sharing models 
  • A week of face-to-face training in each country, to adapt the model to the specificities of each country and allow for experience sharing.

The project benefits 160 participants (20 people for each of the 8 countries). At the end of the scheduled training cycle, the project may be expanded to a wider audience, including other sector actors, depending on the AfDB's desired policy. 

The skills acquired will be useful for improving intra-ministerial coordination around tax data collection, interpretation of legislative and contractual tax terms, domestic revenue mobilization, risk assessment, including commodity price volatility, tax understanding and design, negotiation and renegotiation of mining and oil contracts, and transparency in the extractive sector.

The Institut des Hautes Études du Développement Durable (IHEDD) has supported the development of a learning and sharing platform dedicated to the project.