Recent Articles

Today, the International Monetary Fund released its model for evaluating and designing oil and mining deals in resource-rich countries. NRGI welcomes the move. With growing availability of open data on extractives and a growing community of users of such models, it’s an important step toward bettering public scrutiny and understanding of resource deals and the flow of revenues.

NRGI president and CEO Daniel Kaufmann, who co-produces the Worldwide Governance Indicators published by the World Bank, discussed his recent article “Corruption Matters” with the IMF’s Bruce Edwards. Published in September in Finance & Development, the piece discusses the larger themes of governance and corruption in Latin America and elsewhere.

Confronting corruption in Latin America--one of the great development challenges the region faces--means understanding the shape it takes in respective nations. On Tuesday in Santiago, Chile, NRGI president and CEO Daniel Kaufmann took part in a morning event organized by the Universidad Adolfo Ibañez and Espacio Público focused on the outstanding challenges of corruption in Chile and throughout Latin America.

Earlier this year, Ugandan President Yoweri Museveni signed the Public Finance Management Act 2015 into law and created one of the world's newest sovereign wealth funds. While the law provides a solid framework for effective governance, several key elements are missing—elements that would determine whether Uganda will truly benefit from its oil windfalls.

Parliamentarians have a crucial role to play in reviewing legislation on oil, gas and minerals, and in overseeing the government’s management of these extractive sectors. For instance, in Ghana members of parliament are actively overseeing the projections and allocations of oil revenues by scrutinizing compliance with the Petroleum Revenue Management Act...

Citizens from resource-rich African countries are showing ever-greater interest in the management of extractive resources. Civil society members and journalists are demanding transparency and accountability.

This week, 29 participants from 13 countries — including Ghana, Chile, Uganda, Myanmar, Mongolia and Guinea — are taking part in our third annual Executive Course in Oil, Gas and Mining Governance in Oxford.

Poor governance and systemic corruption are prevalent in many resource-rich countries. Given their highly concentrated and highly profitable nature, the oil, gas and mining industries can generate the kind of political and private incentives that favor rent-seeking and institutional (or state) capture.

For Indonesia, lower commodity prices have had mixed results. Government revenues from oil, natural gas coal and other minerals have fallen, but lower prices have also helped the Southeast Asian net importer.

Crystol Energy founder Dr. Carole Nakhle discusses the changing contractual and fiscal environment for producer countries – particularly in the MENA region – amid a lengthy oil slump.

Ghana’s petroleum industry has undergone massive changes in recent years. Discoveries of commercial quantities of oil in the Jubilee fields in 2007 have triggered significant growth in Ghana’s petroleum sector and brought hope that petroleum resources will yield meaningful benefits for Ghana’s people...

Managing public expectations is one of the toughest challenges that governments face now that commodity prices have dramatically declined. A gathering earlier this month in Tanzania brought together public officials from 15 emerging producers to discuss the implications of the price drop on their strategies.

Negotiating complex mining deals can be challenging for resource-dependent countries under any circumstances. But commodity price volatility adds an additional challenge to the mix, as Mongolia’s recently concluded renegotiation with Rio Tinto on the Oyu Tolgoi project illustrates.

NRGI is rolling out this year’s training program for African journalists interested in improving their knowledge of and skills in covering the extractive sectors of oil, gas and minerals.

Uganda's Ministry of Energy and Mineral Development (PEPD) recently extended the deadline for firms to submit bids in its first-ever round of licensing for six oil blocks in the Albertine Graben...

Minerals account for almost half of Mongolia’s gross domestic product, making extractive sector oversight an important function of the country’s government. In recent years, NRGI has worked with Mongolia’s leaders to improve transparency and better harness national revenues...

Well-documented corruption scandals have cost Ugandans billions. Mining’s contribution to GDP dropped from 30 percent in the 1960s to less than 0.4 percent now. At an NRGI-SPP course, the Nigerian perspective on oversight responsibilities in natural resources and the importance of harmonizing the interests of the regional and federal governments was seen as key to reform.

Across sub-Saharan Africa, civil society groups and journalists have been playing an increasingly important role in advocating for governance reform. Part of their aim is to increase the chances that their countries’ sub-soil wealth might be transformed into meaningful strides in development.

Tunisia has been celebrated by the international community as a beacon of hope and as fertile ground for transitional democracy in a region rocked by political conflict and unrest.

In the latter part of 2014 global oil prices fell at one of the most rapid paces in history. In Ghana this exposed a precarious fiscal situation that has undermined the high ambitions expressed by Ghanaians just a few years ago. Countries like Uganda and Tanzania that are currently shaping policies and laws to manage “resource curse” pressures can surely learn from Ghana’s troubling experience.

On March 30, Asiia Sasykbaeva, deputy speaker of parliament in Kyrgyzstan, met with Galib Efendiev, Eurasia director for the Natural Resource Governance Institute (NRGI), to exchange views on the country’s mining sector development and legal framework.

NRGI president Daniel Kaufmann recently spoke with SUSTAIN, the International Financial Corporation’s new online platform for business.

The International Monetary Fund (IMF) is in the midst of finalizing the fourth pillar of its new Fiscal Transparency Code (FTC) and public consultation on the draft has just drawn to a close...

As part of our programming, NRGI has developed five briefings offering an overview of the current situation in Myanmar's extractive sector on the following topics: EITI, contract disclosure, revenue management, state-owned enterprises and fiscal regimes.