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.
Guinea’s mining sector has rapidly expanded in recent years, but now faces serious challenges due to the coronavirus pandemic. This post explores those impacts and makes recommendations to the government about how it can safeguard the sector.
Extractive sector policies and governance choices are holding back solar and wind projects in many countries. Part of the trouble lies in the shortsighted habits of political decision-making that oil, gas or coal exploitation can foster. Debates about domestic energy use are highly political and can fall prey to narrow agendas.
As the oil, mining and gas sectors suffer the economic consequences of the Covid-19 pandemic, extractive companies may attempt to excuse, delay or otherwise revise their contractual or legal obligations. This post provides guidance for governments of resource-dependent countries on how to prepare to safeguard their industries.
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.