The Ukraine extractives industry faces many challenges and opportunities. In-country stakeholders are interested in improving the transparency of sector legislation and making sure it doesn’t hamper production.
Ghana’s government will develop a publicly available petroleum register containing the full text of all petroleum agreements, licenses, permits and authorizations, a government minister said yesterday.
International organizations, fiscal policy experts and transparency advocates agree that civil society and the general public need to understand budget figures to effectively monitor the use of public funds.
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.
Sovereign wealth funds (SWFs) can be effective tools for managing natural resource revenues. However, as their numbers continue to grow, with the largest funds managing hundreds of billions or even a trillion dollars in assets, researchers are paying more attention to how well these funds are governed.