The project was designed by the Malawi Government in concisistent with the Governments aim to diversify the economy from agro to mineral based. The project became effective on 23^rd August 2021. The overall coordination, and manabgement of the project was carried by the Ministry of Mining while implementation of the project was being undertaken by key implementing institutions which are Department of Geological Surveys, Department of Mines, Department of Environmental Affairs, Ministry of Finance, Ministry of Education and Malawi Revenue Authority. The project was financed by a loan in the amount of US$25 million from International Development Agency and a grant of approximately US$6 million equvaanet in co-fiancing from the European Union making a total of US$31 milliom.

The project development objective (PDO) was to improve the efficiency, transperancy and sustainability of mining sector management. Apart from being consistent with the national development agenda, the project objective is also in line with the themes of promoting sustainable, diversified and inclusive growth and improving governance contained in the 2021-2015 draft Country Asstance Stargtegy of the World Bank.