Contents -- Acknowledgments -- Foreword -- Definitions -- Executive Summary -- Acronyms and Abbreviations -- 1 Background and Objective -- Main Issues for the Sector -- The World Bank Group's Changing Role in the Extractive Industries -- 2 From Economic Benefits to Sustainable Development -- Project Outcomes -- Linking Project Benefits to Overall Country Assistance -- Mitigating Environmental and Social Impacts and Beyond -- 3 Addressing the Governance Challenge -- 4 Recommendations -- Recommendation 1: Formulate an Integrated Strategy -- Recommendation 2: Strengthen Project Implementation -- Recommendation 3: Engage the Stakeholders -- Annex A: World Bank Group Final Management Response -- Introduction -- OED/OEG/OEU Findings -- Management Comments -- World Bank Group's Strategy -- Project Implementation Issues -- Partnerships for Wider Reach -- Conclusions -- A. Recommendations of the Main Report -- B. Recommendations of the OED Evaluation Report -- C. Recommendations of the OEG Evaluation Report -- D. Recommendations of the OEU Evaluation Report -- Annex B: Chairman's Summary: Committee on Development Effectiveness (CODE) -- Background -- Main Findings and Recommendations -- Conclusions and Next Steps -- Governance -- Revenue Generation from EI Projects -- Safeguards and Performance of the Portfolio -- Report of the External Advisory Panel -- Scope of the Final Management Response -- Communication -- Operations Evaluation Department: Evaluation of World Bank Experience -- Annex C: World Bank Experience -- 1 Introduction -- 2 The World Bank's Extractive Industries Role and Portfolio -- 3 Economic Benefits from Bank Projects -- 4 Environmental and Social Impacts and Their Mitigation -- 5 From Resource Revenues to Sustainable Development -- 6 Addressing the Challenge of Governance -- 7 Recommendations.

Attachment 1: Portfolio of Extractive Industries Projects: FY93-FY02 -- Attachment 2: Extractive Industries-Dependent Countries -- Attachment 3: OED Evaluation Guidelines -- Attachment 4: Background Papers -- Attachment 5: References -- Operations Evaluation Group: Evaluation of IFC's Experience -- IFC Approvals at a Glance -- Annex D: IFC's Experience -- 1 Introduction -- 2 From Economic Benefits to Sustainable Development -- 3 Private Sector Development and Benefits to Investors -- 4 Environmental and Social Issues-From "Do No Harm" to Sustainability -- 5 Disclosure and Consultation -- 6 Governance and Challenges of Managing Revenues from Extractive Industries -- 7 Issues Beyond the Control of IFC and Its Clients Require Effective Cooperation and Action Inside and Outside the World Bank Group -- 8 Conclusions and Recommendations -- Attachment 1: Evaluation Approach -- Attachment 2: IFC's Investment in Extractive Industries -- Attachment 3A: Summary Results-All EI Projects -- Attachment 3B: Performance Ratings for Evaluated EI Projects -- Attachment 3C: Performance Ratings for Studied Oil and Gas Projects -- Attachment 3D: Performance Ratings for Studied Mining Projects -- Attachment 3E: Approved Projects Reviewed by OEG-Mining -- Attachment 3F: Approved Projects Reviewed by OEG-Oil and Gas -- Attachment 3G: Reasons for Not Rating Projects or Companies -- Attachment 3H: Evaluation Framework and Rating Guidelines for Studied Projects -- Attachment 4: IFC's Technical Assistance Trust Fund Activities in EI Projects -- Attachment 5A: Perceptions of Survey Participants at the EIR Planning Workshop -- Attachment 5B: Perceptions of Survey Participants at the EIR Regional Workshops -- Attachment 5C: Perceptions of WBG Staff Surveyed -- Attachment 6: Relevant IFC Safeguard Policies, Guidelines, and Procedures.

Attachment 7: Selected Sustainability Guidance Material-Consultation -- Operations Evaluation Unit: Evaluation of MIGA's Experience -- Annex E: MIGA's Experience -- 1 Introduction -- 2 Review of MIGA's EI Projects for Consistency with Safeguard Policies -- 3 Development Impacts of MIGA EI Projects -- 4 MIGA's Role in EI Projects: Contribution, Effectiveness, and Staff Perceptions -- 5 Findings and Recommendations -- Attachment 1: MIGA Guarantee Projects in the Extractive Industries, FY1990-2003 (as of December 31, 2002) -- Attachment 2: MIGA Extractive Industries Projects Evaluated by OEU -- Attachment 3A: MIGA Safeguard Policies-Criteria for Consistency at Approval -- Attachment 3B: MIGA Safeguard Policies-Criteria for Projects under Guarantee -- Attachment 4: MIGA Safeguard Policy Triggers -- Attachment 5A: Safeguard Policy Consistency Ratings of MIGA EI Projects at Approval -- Attachment 5B: Safeguard Policy Consistency Ratings of MIGA EI Projects under Guarantee -- Endnotes.