On 28 June, NRGI will unveil the 2017 Resource Governance Index, which assesses the governance of oil, gas and mining in 81 countries, in policy areas including state-owned enterprises, sovereign wealth funds and subnational revenue sharing. Expert speakers including former president of Mexico Ernesto Zedillo will launch the index during a webcast at 1430 BST on 28 June.
In 2015, the global market for rough gemstones is estimated to have been worth between USD 17 billion and USD 23 billion. Yet in many countries where gemstones originate, particularly those that produce colored gemstones, this resource wealth has only marginally supported development.
Oversight actors can detect and prevent corruption in the oil, gas and mining sectors if they ask the right questions. Corruption schemes can be complex and opaque, yet clear patterns and similar signs of problematic behavior do exist across resource-rich countries.
Ongoing reforms present an unprecedented opportunity to improve management of Myanmar’s multi-billion-dollar jade and gemstone industry, and reorganization of the sector may proceed most effectively if it is informed by the experience of other gemstone-producing countries.
The Natural Resource Charter Benchmarking Framework is a tool for benchmarking a country’s management of oil, gas and minerals against global best practices. Created in response to government and civil society demand for a practical way to measure resource governance, the framework is the product of five years of expert input and testing in more than 15 country projects.
The Charter is a set of principles for governments and societies on how to best harness the opportunities created by extractive resources for development. It is not a recipe or blueprint for the policies and institutions countries must build, but instead provides the ingredients successful countries have used.
