sharing in governance of extractive industries
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
The International Monetary Fund and the World Bank are currently undertaking a review of their debt sustainability framework for low-income countries. We at the Natural Resource Governance Institute submitted comments on how the framework could better address the particular debt sustainability challenges faced by resource-rich countries.…Continue
Let’s imagine a country with a large resource deposit. In this country, the government grants a private company license to extract it. In a given year of production, the company extracts USD 1 billion worth of resources and then pays a 30% share—USD 300 million—through several channels of taxation to the host government. Citizens who observe similar numbers in company, government and watchdog reports are left wondering whether such a ratio is high or low—essentially,…Continue