Coronavirus containment measures have hit economies hard—and with them, government revenues. Most natural resource-dependent countries are experiencing a double shock as their main source of foreign currency has crashed along with fiscal revenues.
In Mongolia, resource companies are encouraged to use local level agreements (LLAs), and though the quality and uptake of these agreements is not consistent, the country's experience provides important lessons for any resource-rich country that seeks to improve agreement-making in communities.
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.
We know how critical the natural resource sector can be for a country’s development. However, only about 10% of OGP commitments relate to natural resources. The drafting of new national action plans (NAPs) by June offers a unique opportunity to increase commitment to good governance of the oil, gas, mining and forestry industries. The OGP Openness in Natural Resources Working Group (ONRWG) has come up with three priorities...