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.
While there are potential benefits to increased value addition in Tanzania’s minerals sector, the current policy may or may not achieve the intended impact. There are a number of factors that government officials should consider as they plan implementation of this policy.
Last year’s meeting in Cape Town was overshadowed by pessimism in the wake of tumbling commodity prices and organizers tried to boost morale by encouraging participants to look “beyond the cycle.” But this year the buzz word for multilaterals was sustainability.
The December 2016 issue of the Caucasus Analytical Digest examined the record of human capital accumulation, gender equality and corporate social responsibility in Azerbaijan during the recent oil boom.
For years, Tanzania learned lessons in effective petroleum resource revenue management from Ghana and Uganda. During the latest regional media training course from NRGI, Tanzania’s recent stewardship of the sector presented lessons for Ugandan and Ghanaian journalists to take home.
A 10-year boom in the prices of many commodities drew to a close last year. During previous booms, governments in developing countries have often squandered wealth accumulated through oil, gas and minerals, directing little of the proceeds toward effective investment or saving. When boom turned to bust, resource-rich countries were caught out, forced into debt spirals.