NRGI experts have are sharing analysis and policy prescriptions for officials in oil- and mineral-dependent countries, assessing the implications of commodity market volatility driven by the global pandemic.
In the first post in a planned series of commentary, NRGI experts outline the fundamental dilemmas faced by resource-dependent countries as the world transitions from fossil fuels to more sustainable sources of energy.
Coronavirus containment measures have hit economies hard—and with them, government revenues. Most resource-dependent countries are experiencing a double shock as their main source of foreign currency has crashed along with fiscal revenues.
The index measures the quality of resource governance in 81 countries that together produce 82 percent of the world’s oil, 78 percent of its gas and a significant proportion of minerals, including 72 percent of all copper. It is the product of 89 country assessments (eight countries were assessed in two sectors), compiled by 150 researchers, using almost 10,000 supporting documents.
The National Oil Company Database is an online, interactive tool that enables a wide range of users—from government officials and NOC executives to journalists and activists—to better understand the roles played by these companies and hold them accountable to generate returns on public investment.
The Charter is a set of principles for governments and societies on how to best harness the opportunities created by extractive resources for development. It is not a recipe or blueprint for the policies and institutions countries must build, but instead provides the ingredients successful countries have used.
From the Blog
Top photo by Guy Oliver, courtesy of IRIN/The New Humanitarian