Fiscal rules—permanent quantitative constraints on government finances—are an important tool to help mitigate the macroeconomic challenges associated with managing natural resource revenues. This paper sheds light on large gaps in compliance and oversight of fiscal rules, and provides policy recommendations on how fiscal rules can be further strengthened.
In 2015, the parliament of the Democratic Republic of Congo split the country’s 11 provinces into 26 by passing an administrative law. The provincial split, known as découpage, significantly altered the distribution of benefits from mining revenues.
En 2015, le parlement de la République démocratique du Congo a adopté une nouvelle loi créant 26 nouvelles provinces à partir des 11 provinces préexistantes. Cette évolution, désignée par le terme découpage, a également modifié les dynamiques parmi les bénéficiaires de certains revenus miniers.
Oversight actors can detect and prevent corruption in the oil, gas and mining sectors if they ask the right questions. Corruption schemes can be complex and opaque, yet clear patterns and similar signs of problematic behavior do exist across resource-rich countries.
Four years after the Extractive Industries Transparency Initiative (EITI) began encouraging contract disclosure through its standard, this report assesses the extent to which governments of resource-rich countries have taken up the recommendation.
The oil, gas, and mining sectors of many countries often seem to be surrounded by secrecy and suspicions of vast wealth gone missing through a combination of bad deals with foreign companies, poor management, and corruption.