The road to oil and gas riches is rapidly narrowing for some new producers. The crash in prices, triggered by the coronavirus pandemic, creates specific challenges for a group of "prospective producer" countries in sub-Saharan Africa.
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.
Due to the large sums of money involved, subcontracting carries risks. Procurement deals are less visible and more numerous than the high-profile processes used to award exploration and production rights, and they are harder for government regulators, the media and civil society to scrutinize. They are therefore a common node for corruption.
Since 2013, the AMDC has supervised the establishment of country-level mining visions in 13 countries in East, Central and Western Africa, facilitated the AMV Private Sector Compact, established an AMV Civil Society Forum, and initiated an African Minerals Governance Framework (AMGF).
Depuis sa création, le CADM a supervisé la mise en place des visions minières nationales dans 13 pays en Afrique de l’ouest, du centre et de l’est, conclu un Pacte avec le secteur privé, institué un Forum de la société civile, ou encore élaboré un Cadre de référence pour la gouvernance minière en Afrique.
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.