Proposed reform to the Colombia's extractive sector royalty distribution system must be strengthened to overcome the shortcomings of the current model. In light of the pandemic, further changes are also needed to safeguard the system in the event of a future global crisis.
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.
La buena gobernanza de los recursos mineros y energéticos aún no es la norma a nivel mundial. A pesar de que muchos países cuentan con grandes reservas de minerales, gas y petróleo, existe una compartida incapacidad por transformar estos recursos en desarrollo sostenible. Esta “maldición” persigue especialmente a países en África, Asia y América Latina.
Throughout Colombia’s presidential campaign—which saw Iván Duque, the right-wing Centro Democrático Party’s candidate, sworn in this week—extractive industries-related issues received unprecedented attention from the public and the candidates.
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.