sharing in governance of extractive industries
Thank you to everyone who participated in the Webinar hosted this past Friday 14 October by Dr Lahra Liberti, who is in charge of the OECD Policy Dialogue on Natural Resource-based Development, on the World Bank Extractive Industries for Local Content Development Community of Practices platform (WB EI-LCD CoP). The Webinar focused on the OECD Framework for Extractive Projects on Collaborative Strateg..., and the development of the Compendium of Practices, with the goal of crowdsourcing practical examples of how Framework can be implemented.
The OECD Policy Dialogue on Natural Resource-based Development is an intergovernmental platform for peer learning and knowledge sharing where OECD and non-OECD producing countries, in consultation with extractive industries, civil society organisations, and think tanks, can craft innovative and collaborative solutions for resource-based development.
The World Bank Extractive Industries for Local Content Development Community of Practices is an online collaboration platform that connects policy makers, companies, academics and practitioners, to share and create knowledge around local content development in the extractive industries. The vision of the online community is to build an active forum for mutually beneficial knowledge exchange enabling experts worldwide to implement the best possible local content solutions.
The OECD Framework was developed by a Drafting Committee composed of representatives from governments, the extractive industry and the civil society, and was endorsed by participants in the Policy Dialogue in February 2016 and published in June 2016. The Framework answers two basic questions: (i) what can governments and industry do to maximise benefits from extractives? (ii) is there a model for shaping constructive and win-win public private collaborations? The Framework provides operational guidance on how host governments and extractives industries can work together in a structured and systematic way to design a sustainable development trajectory that outlast non-renewable resource extraction. It covers four value dimensions: employment, procurement of goods and services, shared use of infrastructure (power, water, transport) and innovation. It also clearly articulates roles and responsibilities to improve collaboration and achieve mutually beneficial outcomes. We are developing the online Compendium of Practices to illustrate the experiences and approaches of government and industry to in-country shared value creation, and to provide concrete examples of how the guidance in the Framework can be implemented. The Compendium will be an on-line living tool, updated overtime with new examples to show how in-country shared value can be created.
We greatly appreciate and value the collaboration with the WB EI-LCD CoP on this project. The EI-LCD is a dynamic group of practioners, policy analysts, academics, government officials and private sector actors, all collaborating with the shared goal of exchanging and enriching knowledge on shared value creation.
If you are interested in contributing examples to the Compendium of Practices based on the Framework, we would welcome that, and invite you to contact myself at firstname.lastname@example.org, with copy to email@example.com. Members of the World Bank's Local Content Community of Practice (CoP) are encouraged to contribute during a two week period running until October 28th.
For those interested in the Policy Dialogue and the Framework for Extractive Projects on Collaborative Strategies for I..., more information can be found at these hyperlinks.
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