NRGI hosted a discussion on the subject of enforcing fiscal discipline in Mongolia. A consultant for NRGI presented the findings of her research, entitled “Can the proposed fiscal council help improve fiscal discipline in Mongolia?” to a diverse audience of government officials, researchers, private sector executives and citizens.
In a report, Rio Tinto was accused of “illegitimately lowering” its withholding taxes paid to the government of Mongolia in relation to the Oyu Tolgoi copper mine. Rio allegedly did this by using a double tax agreement between Mongolia and the Netherlands, in addition to which it negotiated an even lower rate of withholding tax in its amended mining agreement in 2011. This piece reviews Rio’s tax arrangements.
NRGI offers global and regional courses (both in-person and online) that are tailored to civil society advocates, government officials, journalists, parliamentarians and other actors who are working to improve the management of oil, gas and minerals.
Resource-rich countries tend to experience slower economic growth and more social problems than do less-endowed countries—a phenomenon dubbed the “resource curse.” But it turns out that in many cases, economic growth begins to underperform long before the first drop of oil is produced; this we call the “presource curse.”
Three years ago, Mexico opened up to private energy firms, ending state-owned Pemex’s monopoly in the oil and gas industry. Priscila Rodríguez Santamaría, senior advisor for hydrocarbon policy to Mexico’s Energy Secretariat, spoke with NRGI about this new period in the history of Mexico’s oil industry.