Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making.
Extractive sector policies and governance choices are holding back solar and wind projects in many countries. Part of the trouble lies in the shortsighted habits of political decision-making that oil, gas or coal exploitation can foster. Debates about domestic energy use are highly political and can fall prey to narrow agendas.
An NRGI staff member recently spoke with Austrade about developments in the Myanmar's mining sector. Their conversation focused on Myanmar’s challenges in attracting foreign investment to generate government revenue while ensuring the sector’s environmental and social impacts are properly managed.
In 2017, after a decade of working with journalists, NRGI crafted a new strategy for media programming, leveraging lessons from its development programs and considering broader learning and trends in the field.
NRGI set out to collect total oil, gas and mining revenue data for the countries included in the Resource Governance Index to find out how many dollars flow to governments that mismanage the handling of their natural resources.
In most countries, national governments negotiate extraction contracts with companies and collect the revenues, but it is those closest to the extraction site that see their physical and economic landscape change most dramatically.
Based on the key messages in NRGI’s briefing "Owning Up," NRGI and Global Witness recommend seven steps that stakeholders in Myanmar could take to implement the EITI beneficial ownership requirements in a way that increases the potential for concrete improvements in natural resource governance.
This is an important year for Myanmar. With expectations so high, the new government is under enormous pressure to prove that it can transform the more than 20 trillion kyats (USD 17 billion) budgeted into tangible benefits for the people of Myanmar. This will not be easy, yet significant reforms are already underway to help achieve this objective.