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.
Over the past two decades, we have learned a lot about the “resource curse.” Libya in particular finds itself as an unfortunate case study, proving various hypotheses of scholars and policymakers around the subject.
This week, 29 participants from 13 countries — including Ghana, Chile, Uganda, Myanmar, Mongolia and Guinea — are taking part in our third annual Executive Course in Oil, Gas and Mining Governance in Oxford.
With the ninth-largest proven oil reserves in the world, Libya has all the resources it needs to become the richest country per capita in North Africa. But if current trends continue, the nation of 6.5 million may well go bankrupt by 2018.