This report explores common resource governance successes and challenges in sub-Saharan Africa. The authors conclude that policymakers, parliamentarians, civil society, media and regional institutions must focus on narrowing the implementation gap between extractive sector laws and actual practice, which will help to restore trust between government, communities and investors and thus strengthen sustainable management of natural resources.
El precio del cobre se cuadruplicó entre el 2003 y el 2006, lo cual dio a Chile, el mayor productor del mundo, ingresos inesperados durante esos años. Pero, como ya es sabido, la bonanza experimentada gracias al cobre y a otros commodities no ha durado y los precios han disminuido desde entonces.
"State capture" is defined as the efforts of individuals or firms to shape the formation of laws, policies, and regulations of the state to their own advantage by providing illicit private gains to public officials.
Using Ghana as an example, this briefing outlines how payments-to-governments data can be used to: monitor whether company payments match what would be expected under the fiscal regime; to monitor the allocation and disbursement of mining royalties to subnational entities; and to monitor payments for infrastructure improvements in mining-affected areas.
Where there is free and equal access to political power, there are stronger laws, institutions and practices in place to help realize the full value of resource extraction and to manage resulting revenues. This guide shows how political parties can better devise policy platforms for resource governance.