- The Independent Evaluation Group (IEG) of the World Bank Group has published an evaluation of World Bank Group’s Assistance to Low-Income Fragile and Conflict-Affected States (FCS).
- As many FCS economies are highly dependent on extractive industries, the Bank Group and evaluation...
The Natural Resource Governance Institute is pleased to announce that it is accepting applications for the 2016 Women Leaders Fellowship. The deadline for application is 30 June 2016.
The program seeks to increase the participation of women in the movement to promote the sustainable management of extractives for the public good. In 2016 the fellowship will be open to applicants from the following countries: Ghana, Iraq, Myanmar, Tanzania, Indonesia, Guinea, the...more
In most countries, effective management of the extractive industries sector is undermined by a lack of transparency and an abundance of complex rules and regulations. Legislation aimed at improving governance of the sector is urgently needed, and several countries are undertaking promising steps. Too often, however, such processes are not open to citizen engagement or public consultation.
Parliaments have many new ways to push for more open and inclusive legislative reforms of the...more
The oil, gas and mining sectors contribute significantly to government revenues in resource-rich countries. Despite this opportunity for development, experience shows that the extractive industries sector often contributes to higher poverty rates, corruption and even conflict. This is referred to as the ‘resource curse’.
Fighting the resource curse effectively requires a Public Financial Management system in which budgetary allocations and expenditures are open and transparent. By...more
European companies should be required by law to establish the origin of the minerals they use in their products to put an end to the trade in gold, tin and other minerals mined in conflict zones, a leading expert said on Tuesday. Campaigners have long raised concerns that proceeds from mining many of the minerals used in electronics are used to finance warring parties and prolong conflict in Democratic Republic of Congo (DRC) and elsewhere.
India passed a new mining law - the Mines and Minerals (Development & Regulation) (Amendment) Bill (MMDR) - with 117 votes in favour. 69 Members of Parliament voted against and two Member abstained.
The bill was first introduced in November 2015, when it was opened up to public inputs and feedback.The ...more
As the world enters a new era of lower commodity prices, the need for increased trust, better information, and good governance, is stronger.
The 2016 EITI Conference will focus on highlighting the results from implementing the EITI Standard, informing policy dialogue, and integrating the EITI into how governments and companies operate. Speakers and participants include high-level representatives from governments, extractive companies, investors, civil society and international...more
The exploration of natural resource wealth - most notably oil, gas and minerals - is often associated with pollution, environmental degradation and unsustainable practices. It doesn't need to be all bad, though. As the example below shows, there is a growing number of initiatives that draw on resource revenues to plug critical budget gaps and support much-needed initiatives. With the right support, parliamentarians can lead the way.
The Israel Union for Environmental...more
Natural Resources for Sustainable Development: The Fundamentals of Oil, Gas, and Mining Governance, a joint course by the Natural Resource Governance Institute, the Columbia Center on Sustainable Investment, and the World Bank, gives students an understanding of the key challenges and opportunities that come with managing extractive industry investments for sustainable development.
Global Witness Statement on Proposed Section 1504 Rule
Today the US Securities and Exchange Commission (SEC) announced a strong proposed rule to implement a landmark transparency law which requires US-listed oil, gas and mining companies to publish details of their payments to governments, broken down per country and per project, with no exemptions.
This is a critical step in deterring corrupt natural resource deals, and one that will...more