sharing in governance of extractive industries
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.”
In a recent research paper, we found…Continue
The Mongolian government recently announced a USD 5.5 billion bailout agreement with the International Monetary Fund (IMF) and other development partners, including the World Bank, the Asian Development Bank and the governments of Japan and South Korea. In return, Mongolia approved a limited and revenue-focused set of reforms. Budget amendments passed in April included increases in personal income tax rates, increases in fuel, alcohol and tobacco taxes, and a public service wage…Continue
We have published a blog commenting on the announcement of an IMF bailout for Mongolia, which you can read here:
Our findings build on the results from using our latest tool, a user-friendly macro-fiscal model to analyze how different shocks or policy changes - especially in the mining sector - would impact the trajectory…Continue
NRGI has developed a new tool linking resource sector developments to a detailed picture of Mongolia’s economy and budget in order to inform ongoing discussions on pressing fiscal issues and long-term sustainability.
It incorporates project level models of the country’s five largest mine, a semi structural macroeconomic model and detailed budget forecasts. It projects a baseline scenario of the economy and describes how different shocks or policy changes would impact the trajectory…Continue