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.
Civil society actors fighting for better resource governance must engage with reformers in government and business and speak “truth to power” with those parties hampering progress, NRGI president and CEO Daniel Kaufmann tells RAW Talks.
¿Sabías que en el 2016 la recaudación de impuestos del sector minero de Perú fue negativa? Es decir, ese año el gobierno le devolvió al sector más de lo que pagó en impuestos. El resultado final fue que la recaudación fue de -755 millones de soles. ¿Por qué sucedió esto?
Resource-rich countries tend to experience slower economic growth and more social problems than do less-endowed countries—a phenomenon dubbed the “resource curse.” But it turns out that in many cases, economic growth begins to underperform long before the first drop of oil is produced; this we call the “presource curse.”
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.
International organizations, fiscal policy experts and transparency advocates agree that civil society and the general public need to understand budget figures to effectively monitor the use of public funds.
Sovereign wealth funds (SWFs) can be effective tools for managing natural resource revenues. However, as their numbers continue to grow, with the largest funds managing hundreds of billions or even a trillion dollars in assets, researchers are paying more attention to how well these funds are governed.