Governments dependent on revenues from commodities are suffering serious budget crises. While many have sought support from the international financial institutions, made drastic spending cuts, or borrowed heavily, a few are blessed with large sovereign wealth funds (SWFs) or entered the crisis with low debt levels. This post explores SWF trends in resource-rich countries.
Research for the 2021 edition of NRGI's Resource Governance Index has begun. The index measures the governance of oil, gas and mining sectors in resource-producing countries and provides freely available public data to help inform evidence-based decision-making.
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.
Yan Naung Oak is a 2017 School of Data fellow for NRGI Myanmar working on data literacy and data availability in the jade mining sector. Last year, he participated in NRGI's massive online open course, Natural Resources for Sustainable Development: The Fundamentals of Oil, Gas, and Mining Governance. These are his takeaways.
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.