Examining the Implementation of the Extractive Industries Transparency Initiative in Azerbaijan and Kazakhstan

Examining the Implementation of the Extractive Industries Transparency Initiative in Azerbaijan and Kazakhstan
Author: Gubad Ibadoghlu
Publisher:
Total Pages: 12
Release: 2018
Genre:
ISBN:

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The paper looks at the key challenges facing the implementation of the Extractive Industries Transparency Initiative (EITI) in two former Soviet countries, Azerbaijan and Kazakhstan. Generally the EITI is playing a very significant role in attracting investment to national economies and improving revenue management, leading to poverty reduction in natural resource rich countries. EITI implementation in a country sends a message to international investors and companies about government commitment to enhanced transparency and accountability; thus, the country could be perceived as a more attractive investment opportunity, which in turn may contribute to rapid economic growth in other sectors. In the long term, an improvement in the country's risk ratings may ensure access to low-cost funds becomes easier.

Global Norm Compliance

Global Norm Compliance
Author: Aliya Tskhay
Publisher: Springer Nature
Total Pages: 211
Release: 2020-02-24
Genre: Political Science
ISBN: 3030414523

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This book examines the implementation of, the spread of, and compliance with emerging global norms. Based on empirical country studies on the implementation of transparency norms defined by the Extractive Industries Transparency Initiative (EITI) – a multi-stakeholder process seeking to promote global standards for the transparent and accountable management of oil, gas and mineral resources –, it investigates the various factors and motivations affecting actors with regard to norm compliance. The book demonstrates that compliance with global norms depends on a combination of various factors, including motivations and conditions for introducing norms into the domestic political space; local actors’ level of commitment to the norm; and their capacity for norm compliance. Given its scope, the book will appeal to all international relations scholars interested in processes of norm localisation, compliance, and contestation.

Implementing EITI for Impact

Implementing EITI for Impact
Author: Anwar Ravat and Sridar P. Kannan
Publisher: World Bank Publications
Total Pages: 190
Release: 2012
Genre: Community development
ISBN:

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Oil, natural gas, and mineral deposits (“Extractive Resources”) offer the potential to generate significant financial benefits and help countries fuel their economic growth and development, employment, business opportunities, and incomes, ultimately leading to a better life for the citizens of those countries through sustained poverty reduction and inclusive growth. Leveraging these Extractive Resources to attain such beneficial outcomes requires accountability and transparency in governance. The Extractive Industries Transparency Initiative (EITI) was launched in 2002 in an effort to improve public accountability of governments. It provides a pathway to better managed Extractive Resources that benefit the people of a country. EITI is a global standard designed to improve transparency in the sector by publication of reconciled payments by companies and revenues received by governments from oil, gas, and mining exploration and production operations. It helps to promote and support improved governance, especially in resource-rich countries. This handbook builds upon an earlier publication, “Implementing EITI: Applying Early Lessons from the Field” (Darby 2008), issued by the World Bank Oil, Gas and Mining unit (SEGOM) and the EITI Multi-donor Trust Fund. Using the Extractive Industries Value Chain as an analytical tool, this handbook holistically analyzes the importance of EITI to domestic economies, governance structures, and local populations, and suggests measures to leverage its potential to ensure inclusive growth and sustainable development. The basic purpose of this handbook is to provide: • Guidance to stakeholders (including policymakers, industry, and civil society) in countries currently implementing, or seeking to implement, EITI; • Guidance on the measures required to launch and implement EITI successfully; and • Guidance to EITI implementing countries in “mainstreaming” EITI into the good-governance agenda by recommending global good-fit practices that build on the EITI standards and practices. EITI stakeholders and implementing countries will benefit greatly from this handbook

Implementing the Extractive Industries Transparency Initiative

Implementing the Extractive Industries Transparency Initiative
Author:
Publisher: World Bank Publications
Total Pages: 122
Release: 2008-01-01
Genre: Banks and Banking Reform
ISBN: 0821375024

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This book contains statistical snapshots for 195 countries and 13 regional and income groups. The 200+ tables, each focused on one country, region, or income group, explore immigration, emigration and skilled emigration, and inward and outward remittance flows. Summary reports on the top 10 countries in each category are also included.

Fiscal Regimes for Extractive Industries—Design and Implementation

Fiscal Regimes for Extractive Industries—Design and Implementation
Author: International Monetary Fund. Fiscal Affairs Dept.
Publisher: International Monetary Fund
Total Pages: 82
Release: 2012-08-16
Genre: Business & Economics
ISBN: 1498340067

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Better designed and implemented fiscal regimes for oil, gas, and mining can make a substantial contribution to the revenue needs of many developing countries while ensuring an attractive return for investors, according to a new policy paper from the International Monetary Fund. Revenues from extractive industries (EIs) have major macroeconomic implications. The EIs account for over half of government revenues in many petroleum-rich countries, and for over 20 percent in mining countries. About one-third of IMF member countries find (or could find) resource revenues “macro-critical” – especially with large numbers of recent new discoveries and planned oil, gas, and mining developments. IMF policy advice and technical assistance in the field has massively expanded in recent years – driven by demand from member countries and supported by increased donor finance. The paper sets out the analytical framework underpinning, and key elements of, the country-specific advice given. Also available in Arabic: ????? ??????? ?????? ???????? ???????????: ??????? ???????? Also available in French: Régimes fiscaux des industries extractives: conception et application Also available in Spanish: Regímenes fiscales de las industrias extractivas: Diseño y aplicación

Azerbaijan: Moving Toward More Diversified, Resilient, and Inclusive Development

Azerbaijan: Moving Toward More Diversified, Resilient, and Inclusive Development
Author: Aimee Hampel-Milagrosa
Publisher: Asian Development Bank
Total Pages: 216
Release: 2020-08-01
Genre: Business & Economics
ISBN: 9292623117

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Azerbaijan has set the course for the economy to reduce its dependence on oil by promoting new drivers of growth. By 2025, under the government’s Strategic Roads Maps, a more diversified economy should take shape led by three sectors: agriculture, tourism, and manufacturing. Bold reforms need to strengthen areas of the economy that could otherwise impede this transition, and policy makers must resolutely stay on the reform path. The core message of this publication is diversification toward non-oil sources of growth alongside efforts to reduce macroeconomic risks and the high cost of finance, make the education system responsive to the needs of the labor market, close infrastructure gaps, and help economically significant state-owned enterprises become more efficient.

High-Value Natural Resources and Post-Conflict Peacebuilding

High-Value Natural Resources and Post-Conflict Peacebuilding
Author: Päivi Lujala
Publisher: Routledge
Total Pages: 624
Release: 2012-03-29
Genre: Law
ISBN: 1136536698

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For most post-conflict countries, the transition to peace is daunting. In countries with high-value natural resources – including oil, gas, diamonds, other minerals, and timber –the stakes are unusually high and peacebuilding is especially challenging. Resource-rich post-conflict countries face both unique problems and opportunities. They enter peacebuilding with an advantage that distinguishes them from other war-torn societies: access to natural resources that can yield substantial revenues for alleviating poverty, compensating victims, creating jobs, and rebuilding the country and the economy. Evidence shows, however, that this opportunity is often wasted. Resource-rich countries do not have a better record in sustaining peace. In fact, resource-related conflicts are more likely to relapse. Focusing on the relationship between high-value natural resources and peacebuilding in post-conflict settings, this book identifies opportunities and strategies for converting resource revenues to a peaceful future. Its thirty chapters draw on the experiences of forty-one researchers and practitioners – as well as the broader literature – and cover a range of key issues, including resource extraction, revenue sharing and allocation, and institution building. The book provides a concise theoretical and practical framework that policy makers, researchers, practitioners, and students can use to understand and address the complex interplay between the management of high-value resources and peace. High-Value Natural Resources and Post-Conflict Peacebuilding is part of a global initiative led by the Environmental Law Institute (ELI), the United Nations Environment Programme (UNEP), the University of Tokyo, and McGill University to identify and analyze lessons in natural resource management and post-conflict peacebuilding. The project has generated six edited books of case studies and analyses, with contributions from practitioners, policy makers, and researchers. Other books in the series address land; water; livelihoods; assessing and restoring natural resources; and governance.

Engaging Central Asia

Engaging Central Asia
Author: Bhavna Dave
Publisher: CEPS
Total Pages: 196
Release: 2008
Genre: Political Science
ISBN: 929079707X

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"In July 2007, the European Union initiated a fundamentally new approach to the countries of Central Asia. The launch of the EU Strategy for Central Asia signals a qualitative shift in the Union's relations with a region of the world that is of growing importance as a supplier of energy, is geographically situated in a politically sensitive area - between China, Russia, Iran, Afghanistan and the south Caucasus - and contains some of the most authoritarian political regimes in the world. In this volume, leading specialists from Europe, the United States and Central Asia explore the key challenges facing the European Union as it seeks to balance its policies between enhancing the Union's energy, business and security interests in the region while strengthening social justice, democratisation efforts and the protection of human rights. With chapters devoted to the Union's bilateral relations with Kazakhstan, Uzbekistan, Turkmenistan and Tajikistan and to the vital issues of security and democratisation, 'Engaging Central Asia' provides the first comprehensive analysis of the EU's strategic initiative in a part of the world that is fast emerging as one of the key regions of the 21st century."--BOOK JACKET.

Kazakhstan: Accelerating Economic Diversification

Kazakhstan: Accelerating Economic Diversification
Author: Kym Anderson
Publisher: Asian Development Bank
Total Pages: 219
Release: 2018-08-01
Genre: Business & Economics
ISBN: 9292612638

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Kazakhstan has the potential to become an economic leader in Central Asia. Relying on oil and gas alone, however, will not produce the long-run level of growth needed to meet this potential. Reforms geared to improve the business climate, enhance competitiveness, and increase private sector participation are essential. This book examines reforms to accelerate economic diversification in the country. This involves not only modernizing and using public resources in agriculture more efficiently to increase productivity, but also transitioning of manufacturing toward high-potential exports to help the country’s industrial development and create employment opportunities. Upgrading innovation of oilfield services and improving transport and logistics are important to increase participation in the global value chains.