Oil, Gas and Mining for Development

STATE-OWNED ENTERPRISES

Myanmar's jade industry is worth billions of dollars annually, and yet only a small fraction of its profits benefit the country's citizens. Meanwhile, the sector is responsible for environmental damage, corruption, conflict and social problems.

The Guyanese government has taken a number of commendable steps in its plan to save a portion of the country’s forthcoming oil revenues in a new sovereign wealth fund, according to a new report. However, the analysis urges officials to address underlying weaknesses in the fund’s design to maximize its effectiveness.

Top photo: Gas pipeline construction in the Peruvian Andes. Jean Gaumy / MAGNUM