Multinational companies regularly hire agents and fixers to help them win lucrative business in complex or unfamiliar environments. These intermediaries provide introductions, intelligence and an on-the-ground presence in far-flung lands. Sometimes they also serve as conduits for bribes.
Alexandra Readhead, Thomas Lassourd, Jaqueline Taquiri
Tax incentives granted to mining companies are debated across the globe. A new database allows users to compare the fiscal regimes of 104 mining projects across 21 countries; it is the first large-scale, systematic attempt to compile tax incentives used by developing country governments to attract mining investment.
Extractive projects can generate substantial revenues for host countries, and discoveries often bring hopes of jobs, development and newfound wealth. But they also generate a range of negative environmental and social effects, which can have direct and significant economic implications. But fiscal impacts and environmental and social impacts are often assessed and monitored by separate regulatory bodies in separate processes, leading to an incomplete understanding of extractive sector performance.
In June 2018, the fictional country of Petronia, which serves as the namesake setting of a first-of-its-kind online interactive course on resource governance, made a potentially transformative oil discovery.
In Latin America, major governance challenges hinder the positive impact natural resources could have on economic and social development. In this post the authors put forth four priority actions that can shape the region’s extractive sector in the years to come.
NRGI staff invite comment on a new draft consultation briefing about the Extractive Industries Transparency Initiative (EITI) encouragement of “mainstreaming,” which involves a transition away from standalone EITI reports toward meeting EITI requirements through routine and publicly accessible government and company reporting.