Political parties can help ensure that their country gets the best deal for the extraction of its resources, manages revenues for the long-term best interests of citizens and avoids the resource curse.
On the sidelines of Advancing Accountable Resource Governance in Asia Pacific, Grice spoke with NRGI about a formative early work experience in Papua New Guinea as a sustainable development group manager with Newcrest Mining, his more recent work and quantifying the unquantifiable.
Unlike in the resource-rich country in the film Black Panther, much of Africa’s mining sector is currently dominated by foreign direct investment; its raw minerals are often exported with limited local participation in the sector and tax revenues are eroded.
Carole Nakhle, the founder and CEO of Crystol Energy and a new NRGI board member, spoke with NRGI before International Women’s Day about the growth of AccessWIE, “anemic” female participation in the extractives sector, and the roles NRGI can play in addressing gender inequality and women’s empowerment.
NRGI offers global and regional courses (both in-person and online) that are tailored to civil society advocates, government officials, journalists, parliamentarians and other actors who are working to improve the management of oil, gas and minerals.
What’s next for Latin American civil society as the supercycle of high commodity prices recedes in the rear-view mirror? And what are the most interesting trends in the extractives sector in the region?
Since 2013, the EITI Standard has “encouraged” public disclosure of contracts. And while it is difficult to attribute causality to policy change, since the release of the 2013 EITI Standard, nine new countries released contracts, and nine enacted laws that require contract disclosure.