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11. How and Why the Myanmar Government Should Publish Petroleum and Mining Contracts

Author:
Sebastian Sahla, Hosana Chay, and Robert Pitman
Publication Date:
05-2019
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Contract disclosure is a growing global norm. The Extractive Industries Transparency Initiative (EITI) board agreed to require all member governments to disclose the contracts they sign with oil, gas and mining companies beginning in January 2021. Around the world governments, companies and civil society are increasingly advocating for disclosure. In Myanmar, progress has been extremely slow. Despite civil society activists and several major investors supporting reforms, the government has not disclosed any petroleum or mining contracts so far. With new licenses expected to be issued in the petroleum, minerals and gemstone sectors, the Myanmar government should act now to keep pace with a global trend.
Topic:
Corruption, Natural Resources, Regulation, Negotiation, Legislation, Transparency, and Contracts
Political Geography:
Afghanistan, Mongolia, Asia, Sierra Leone, Mexico, Myanmar, and Cameroon

12. Considerations for Taxing Myanmar’s Large-scale Mining Companies

Author:
David Manley, Sebastian Sahla, Ko Ko Lwin, and Khin Saw Htay
Publication Date:
09-2019
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Despite geological potential, Myanmar's mining sector has attracted few large-scale companies to date and the sector generates little government revenue. The authors of this briefing present the challenges the Myanmar government has faced in designing an effective mining tax regime. They suggest three ways in which the government could attract greater investment and allow the people of Myanmar to maximize benefits from the potentially significant mineral wealth of their country. The briefing is informed by the Natural Resource Governance Institute’s engagement with Myanmar’s Ministry of Natural Resources and Environmental Conservation (MONREC), helping the ministry implement strategic reforms.
Topic:
Natural Resources, Tax Systems, Mining, Private Sector, and Revenue Management
Political Geography:
Southeast Asia and Myanmar

13. Fiscal Sustainability in Mongolia in 2018

Author:
Tsolmon Baatarzorig, Nyambaatar Batbayar, and Ragchaasuren Galindev
Publication Date:
01-2018
Content Type:
Special Report
Institution:
Natural Resource Governance Institute
Abstract:
In 2017, Mongolia received an extensive bailout package from the International Monetary Fund (IMF) under its Extended Fund Facility (EFF). Since taking the IMF loan, Mongolia has had good economic luck. A record high year of coal production combined with a surge in commodity prices has left the country with a budget revenue windfall. This has allowed gross domestic product (GDP) to grow by 5.3 percent, which was higher than the forecasted 3 percent. Mongolia has reduced its fiscal deficit and public debt is declining. The country’s credit rating has improved and it has managed to repay two large foreign currency-denominated bonds. The government has also recently created a Fiscal Stability Council to improve budget oversight.
Topic:
International Affairs and Natural Resources
Political Geography:
Mongolia and Global Focus

14. The Fiscal Regime for Uganda’s Mining Sector: A Need for Reform?

Author:
Thomas Scurfield
Publication Date:
12-2018
Content Type:
Special Report
Institution:
Natural Resource Governance Institute
Abstract:
There is growing discussion within Uganda about the need to increase the public benefits from the country’s mining sector. The government has declared its intention to enact a new fiscal regime for the sector. This has coincided with growing optimism that the country will resume large-scale mining after decades of only artisanal and small-scale activity. However, for Uganda’s potential to be realized, significant investment in exploration and development is necessary. This brief is a response to a request by the Ministry of Finance, Planning and Economic Development to review the prevailing fiscal regime and inform the government’s approach to revising it. The design of the fiscal regime will likely have a significant effect on the ability of the country to attract the investment it needs. A critical element will be the regime’s stability. Frequent changes could reduce investors’ confidence that they will make a sufficient return on their investments, and thus deter investment. To reduce pressure from companies, the government or other stakeholders for future changes, Uganda will need to impose a tax burden that is neither too high nor too low.
Topic:
Natural Resources
Political Geography:
Uganda

15. Tip-Toeing Toward Transparency: Jade and Gemstone Sector Disclosures in Myanmar

Author:
Paul Shortell
Publication Date:
12-2018
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Myanmar exports more than 90 percent of global jade supply and is also a leading source of high-quality rubies, sapphires and other varieties of colored gemstones. Mining of these precious stones generates billions of dollars annually, making it one of the country’s most significant sectors. Yet the jade and gemstone industry has remained largely shrouded in secrecy, with most profits flowing to armed groups and political elites rather than supporting broad-based economic and social development.1 The Extractive Industries Transparency Initiative (EITI) is a global standard designed to “promote the open and accountable management of oil, gas and mineral resources.”2 Since Myanmar became a candidate country in 2014, the EITI process has helped to shine light on the previously opaque jade and gemstone sector. Myanmar EITI released its first reconciliation report, covering fiscal year
Topic:
International Affairs and Natural Resources
Political Geography:
Global Focus

16. Ukraine Legislates Extractives Sector Transparency and Accountability

Author:
Natural Resource Governance Institute
Publication Date:
09-2018
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
In September 2018, Ukraine passed milestone legislation setting out principles for the collection, disclosure and dissemination of extractive industry data. The law mandates project-level payments and beneficial ownership data disclosure. It also mandates the release of “material” elements of extractive industry-related contracts. The law was bolstered by a government-approved reform action plan, incorporating measures proposed by a Ukrainian civil society organization with NRGI support. DiXi Group contributed to data on Ukraine in the Resource Governance Index, and the organization’s experience informed an important public debate in the parliament’s energy committee. This is the beginning of an era of transparency and accountability in Ukraine. NRGI will continue to provide assistance so that the laws and roadmap are implemented.
Topic:
International Affairs and Natural Resources
Political Geography:
Ukraine

17. Civil Society Playing Key Role in Extractive Sector Reform in OnceAutocratic Tunisia

Author:
Natural Resource Governance Institute
Publication Date:
04-2018
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
A central challenge of Tunisia’s transition out of dictatorship has been finding a way to implement democratic reforms in a country where citizens place little trust in the volatile, post-authoritarian institutions. One pre-requisite for trust is dialogue; if civil society actors don’t have a forum for exchange with the government, they can’t be heard, and trust remains elusive. Social tensions (sometimes manifesting as protests) are high in Tunisia, and the government’s responses have been mostly ineffective.
Topic:
International Affairs and Natural Resources
Political Geography:
Tunisia

18. Discussion of Guyana’s Green Paper

Author:
Andrew Bauer, David Mihalyi, and Fernando Patzy
Publication Date:
01-2018
Content Type:
Policy Brief
Institution:
Natural Resource Governance Institute
Abstract:
Guyana is on the verge of becoming an oil-rich country. In absolute terms, Guyana’s petroleum wealth is modest, representing approximately 0.2 percent of global reserves, which places the country 26th globally. However, it possesses the world’s seventh-largest oil reserves per capita, second-largest in Latin America behind Venezuela. If revenue estimates from the Liza field prove to be accurate, Guyana could become one of the world’s largest per capita oil producers over the course of several years in the mid-2020s. According to independent projections, fiscal revenues from the petroleum sector could range between USD 7 and 27 billion over the next 30 years. Between 2025 and 2028, revenues could peak at between USD 800 million and 2.5 billion in a given year, at least doubling Guyana’s national budget in some years. That said, delays on these types of megaprojects are common and some revenue estimates may be optimistic.
Topic:
Natural Resources
Political Geography:
Global Focus

19. Reaching Wider Populations with Global Online Courses

Author:
Natural Resource Governance Institute
Publication Date:
01-2018
Content Type:
Special Report
Institution:
Natural Resource Governance Institute
Abstract:
Despite the critical relevance of natural resources to millions of peoples’ lives, most citizens of resource-rich countries have limited knowledge about how resources are governed. To address this knowledge gap, the Natural Resource Governance Institute (NRGI) developed two online training tools aimed at generating critical awareness and building technical knowledge about core resource governance issues. The first tool is a massive open online course (MOOC), “Natural Resources for Sustainable Development: The Fundamentals of Oil, Gas and Mining Governance.” The second is an online simulation called “Petronia,” named for an imaginary oil-rich country.
Topic:
International Affairs and Natural Resources
Political Geography:
Global Focus

20. 2017 Natural Resource Governance Index

Author:
Natural Resource Governance Institute
Publication Date:
01-2017
Content Type:
Special Report
Institution:
Natural Resource Governance Institute
Abstract:
This report presents the key findings and core messages of the 2017 Resource Governance Index. The index measures the quality of resource governance in 81 countries that together produce 82 percent of the world’s oil, 78 percent of its gas and a significant proportion of minerals, including 72 percent of all copper. It is the product of 89 country assessments (eight countries were assessed in two sectors), compiled by 150 researchers, using almost 10,000 supporting documents to answer 149 questions
Topic:
International Security and Natural Resources
Political Geography:
Global Focus