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sharing in governance of extractive industries

All Blog Posts Tagged 'Bank' (9)

Ghana: World Bank Helps Build Public Oversight of Oil and Gas

The World Bank Board of Executive Directors has approved additional financing of US$19.80 million to support the development of Ghana s rich oil and gas reserves. This brings the total support to US$ 57.80 million.  The objectives of the project are first, to help improve public management and regulatory capacity and enhance sector transparency by strengthening the institutions managing and monitoring the sector; and second, support the development of…

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Added by seibik bugri on July 7, 2014 at 0:18 — No Comments

Corruption in Oil & Gas will always exist- Experts Say

 Ghana’s  Anti-corrupt Agencies have been reminded by Oil and Gas experts that corruption in the oil industry will always exist but steps must be developed to minimize it. To that extent, every country must develop its laws to check what is reported from one side of the bargain as well as the corresponding side of the participating companies, stakeholders, and other players in the sector. In addition, a regulatory scheme that provides harsher…

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Added by seibik bugri on June 27, 2014 at 1:00 — No Comments

Of Good Governance and Extractive Resources

Introduction

International opinion no longer differ on the centrality of good governance to the attainment of sustainable development.  And has in recent times come to be the common donor requirement for the release of both bilateral and multilateral aid to Third World countries although defined diversely among different observers and actors concerned with development. Before going into details, it may be useful to attempt…

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Added by seibik bugri on June 24, 2014 at 12:12 — No Comments

NNRC Position Paper on CBN’S Allegation Against the NNPC

SUSTAINING DEBATE ON THE OIL AND GAS SECTOR TRANSPARENCY:

ISSUES WITH CBN’S ALLEGATION AGAINST THE NNPC

The Nigerian Natural Resource Charter convened a Roundtable Discussion in Lagos on the 13th of March 2014, to examine the allegations by the Governor of the Central Bank of Nigeria (CBN) on discrepancies between the receipts of the Nigerian National Petroleum Corporation (NNPC) and the corresponding…

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Added by Nigerian NRC (NNRC) on April 11, 2014 at 10:12 — No Comments

Reverse the curse: Transforming resource-driven economies

This blog is courtesy World Bank blog written by Fraser Thompson

Reverse the curse: Transforming resource-driven economies 

Fraser Thompson, Senior Fellow, McKinsey Global…

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Added by GOXI on February 14, 2014 at 19:20 — 3 Comments

Fragility, Fairness, and the Train of Transparency - Extractive Industries features at IMF/World Bank Annual Meetings

There was no shortage of interest in extractive industries and governance issues at the IMF and World Bank Annual Meetings this past weekend. The sector came up in many side meetings, whether related to IDA replenishment or G8 follow ups. Most notably there were over flowing auditoriums for sessions on Blessing or Curse? Making Earth's Riches Work for Poor and Fragile Countries and then …

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Added by Michael Jarvis on October 17, 2013 at 6:20 — 3 Comments

World Bank complicity in mining abuses?

What does the World Bank have to do with the August 2012 violent protests seen in Marikana’s platinum mine, South Africa or the clashes between police and protesters opposing a gold mine development that happened in Cajamarca, Peru in July 2012 that led to 5 deaths? According to a recent publication by Bretton Woods Project, an ActionAid initiative that is critical of the World Bank and IMF, the Bank’s…

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Added by Semkae Kilonzo on November 16, 2012 at 12:00 — No Comments

FOLLOWING THE OIL MONEY IN UGANDA

By Coletta Wanjohi, Uganda

Bank of Uganda's main role is advising the government on all matters pertaining economic policy and de-velopment and this also involves the oil sector. The National Oil and Gas Policy that was approved by cabi-net in 2008 gives Bank of Uganda the mandate to be the manager of the oil revenue. This means that when Uganda's oil starts flowing and it is either exported or sold whatever revenue is realized will be managed largely by the central…

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Added by Coletta Nyawira Wanjohi on April 12, 2012 at 9:05 — No Comments

Panel on the social and environmental impacts of China's overseas oil, gas and mining investments

On Friday, three experts gathered at the Woodrow Wilson Institute to discuss the social and environmental impacts of China’s overseas investments in oil, gas and mining by looking at the behavior of the China Development Bank, various Chinese companies and the role of China’s investment in the global energy picture.

 

The China…

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Added by James Duncan on January 16, 2012 at 16:13 — No Comments

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