sharing in governance of extractive industries

Mobilizing revenue for development: Getting the fiscal regime for extractives right


By Oana Luca, IMF

The fiscal regime governs the way in which mineral rents are shared between the state and the investor. A well-designed fiscal regime is essential to attract investment for the development of the resource, while ensuring a robust source of revenue for the state. This blog draws on discussions at a regional workshop organized by the Green Fiscal Policy Network in December 2016 in Bangkok which explored the role of fiscal regimes, revenue management, and sovereign wealth funds in the extractives sector to finance the Sustainable Development Goals (SDGs).

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