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.
Resource-rich Latin American countries did experience high rates of economic growth and diminished poverty and inequality during the boom years. On the surface, this would appear to strengthen arguments that extractive industries are key to progress, especially in resource-rich areas, despite their negative environmental impact. Nevertheless, a closer look shows that things are a bit more complicated.
La Fundación Foro Nacional por Colombia (FFNC) acaba de publicar en la ciudad de Bogotá su Quinto Reporte Anual “El Sector Extractivo en Colombia.” El reporte presenta una análisis crítico de las políticas pro extractivistas del gobierno.
The Fundación Foro Nacional por Colombia's fifth annual report on the Colombian extractive sector assesses the government’s pro-extractive policies; presents information and analysis on the sector’s weight in the Colombian economy; discusses the performance of the new royalty system; and presents two local-level “governance agreements” experiences.
The evidence is mounting: contract transparency in extractive industries is becoming the norm. This was clear during two contract-focused events at the recent EITI conference—an informal learning and sharing side event and an official conference panel event.