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

Can Transparency Reduce Corruption? - Evidence from Firms in Peru and Mali on the Impact of the Extractive Industries Transparency Initiative (EITI) on Corruption

Can Transparency Reduce Corruption? - Evidence from Firms in Peru and Mali on the Impact of the Extractive Industries Transparency Initiative (EITI) on Corruption
Author: Luca Etter
Publisher:
Total Pages: 164
Release: 2012
Genre: Economics
ISBN:

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The past decade has seen a push towards rigorous policy evaluation and new, exciting methodologies have evolved to get a better sense of how effective policy interventions are in achieving their desired outcomes. Unfortunately, few of these efforts were aimed at governance reform initiatives, especially not at transparency reforms which have received almost univocal support from policy makers and practitioners as a means to cure a whole range of problems that hamper the growth performance of resource-rich countries, namely corruption. This thesis tries to fill this gap by triangulating a series of different methodologies to conduct both a cross and within-country evaluation of the effectiveness of the Extractive Industries Transparency Initiative (EITI) in reducing corruption in two EITI countries, Peru and Mali. I use firm level data from the World Bank Enterprise Surveys (WBES) and country level economic and social indicators from the World Development Indicators (WDI) and apply two preprocessing methods developed by Abadie and Hainmueller - entropy balancing and synthetic control groups - as well as within-country difference-in-difference estimations to measure the impact of EITI on reported corruption. The results show a robust reduction of corruption in Peru, where corruption has been reduced by as much as 14 percentage points since the introduction of EITI, while no such effect can be found in Mali. This paradox can be explained by two standard critiques of the EITI: that it is only effective when a functioning civil society is in place prior to EITI implementation; and that the voluntary nature of the initiative may induce large differences in outcomes between countries.

Transparent Governance in an Age of Abundance

Transparent Governance in an Age of Abundance
Author: Juan Cruz Vieyra
Publisher: Inter-American Development Bank
Total Pages: 454
Release: 2014-10-31
Genre: Business & Economics
ISBN: 159782187X

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During the last decade, the Latin American and Caribbean region has experienced unprecedented natural resources abundance. This book highlights how transparency can help realize the benefits and reduce negative externalities associated with the extractive industries in the region. A central message is that high-quality and well-managed information is critical to ensure the transparent and effective governance of the sector. The insights from experiences in the region can help policymakers design and implement effective regulatory reforms and adopt international standards that contribute to this goal. This is particularly important at a time when the recent boom experienced by extractives in the region may be coming to an end.

Transparency and Accountability in Africa's Extractive Industries

Transparency and Accountability in Africa's Extractive Industries
Author: Shari Bryan
Publisher:
Total Pages: 114
Release: 2007
Genre: Business & Economics
ISBN:

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While current efforts to increase transparency and accountability in the management of natural resources emphasize the roles and responsibilities of a broad range of actors, relatively little attention has been paid to the potential contribution of elected legislators. Yet, the three core functions of legislative bodies - representing constituent interests, making or shaping public policy, and overseeing policy implementation by executive branch agencies - are central to any effort in this area. This report is an effort to help elected political officials - particularly those in the legislative branch of government - serve as constructive leaders in improving the oversight and management of their countries' natural resources.

Mining Royalties

Mining Royalties
Author:
Publisher: World Bank Publications
Total Pages: 320
Release: 2006-01-01
Genre: Technology & Engineering
ISBN: 0821365037

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This book contains a wealth of information and analysis relating to mineral royalties. Primary information includes royalty legislation from over forty nations. Analysis is comprehensive and addresses issues of importance to diverse stakeholders including government policymakers, tax administrators, society, local communities and mining companies. Extensive footnotes and citations provide a valuable resource for researchers.