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Transparency strengthens Ukraine’s energy security

Olga Bielkova's picture

 

Gas pipeline, Ukraine. Photo: Dmytro Glazkov / World Bank

“If we hope to strengthen our security and control our own foreign policy, we can offer no less of a commitment to energy independence” – declared then U.S. Senator and now President of the United States, Barack Obama, more than 10 years ago in a speech titled Energy Security is National Security. If this is true for the strongest economy in the world backed by unsurpassed military might, this is doubly so for my own country, Ukraine, which has paid dearly for failed energy policies in the last 25 years.

Energy independence is within Ukraine’s reach. But we can only achieve it with enlightened policymaking, support from the international community, and, most importantly, unwavering political will from all three branches of our government to combat corruption. We must keep the momentum and our immediate priority should be to leverage a ready-made mechanism known as the Extractive Industries Transparency Initiative (EITI). 

EITI agenda advances despite divergent views

Charles Feinstein's picture
 
Photo by EITI

Tensions were high at the international Board meeting of Extractive Industries Transparency Initiative (EITI) in Berne, Switzerland.  EITI Board members, 20 in all, including civil society representatives, investors, managers of multinational corporations, and implementing and supporting country officials, debated stridently for two days on issues like how EITI implementing countries are judged on whether they have met the requirements of the “Standard” set by the EITI. As my first EITI Board meeting, I was surprised to find such divergent views on operational issues when we clearly all agree on the end goal: increasing transparency in the extractive industries to decrease the space for corruption and enhance the development impact of revenues from the sector. 

In 2013, EITI raised the bar of transparency with the introduction of a new Standard that requires more detailed reporting on extractive company and state owned enterprise payments, government receipts and a broader range of contextual information on the sector in EITI implementing countries. The first batch of reports produced under the Standard arrived between late 2014 and early 2015. Many EITI countries have so far struggled to meet the enhanced requirements of the Standard and concerns have been raised about how they will be assessed when they undergo the validation process (the quality assurance process that leads to the judgement of compliance with the EITI Standard). 

Extractive Industries Can Work for the Poor

Kelly Alderson's picture

Making extractive industries wealth work for the poor
Everyone agrees that enhanced transparency—on payments, revenues, royalties and taxes—is essential to success in developing countries to turn earnings from oil, gas and mining into economic growth and poverty reduction. But that’s just the first step.

Governance of Extractive Industries: Old Metal, New Polish

Michael Jarvis's picture
Making Extractive Industries’ Wealth Work for the Poor

















​Back in 2004, Extractive Industries Review noted that “the overall framework of governance within which Extractives Industries (EI) development takes place will be a major determinant of its contribution to sustainable poverty reduction.” The expert panel called for World Bank Group to do more on governance and transparency of the sector.

Myanmar and Lao PDR: Dialogue about Natural Resource Wealth

Morten Larsen's picture


The ancient cities of Bagan, Myanmar, and Luang Prabang, of Lao PDR offer today’s travelers a nostalgic vision of South East Asia: timeless landscapes and exquisite architecture. This vision is in sharp contrast to the rapid pace of recent economic activity in both countries. Myanmar recorded very strong investor interest in last year’s bidding round for oil and gas blocks. This was a clear signal of the successful reform process undertaken so far.  In Lao PDR, the mining industry has increased annual production from around US$ 10 million in the early 2000s to well above US$ 1 billion a decade later – contributing around 15 percent of Government revenues in recent years. 

Can Natural Resources Pave the Road to Africa’s Industrialization?

Paulo de Sa's picture

Many African countries face a dilemma. After a decade of consistent economic growth, often propelled by high commodity prices, half the continent’s population still lives in poverty. Even if rising demand for raw materials from the booming cities of China and India, among others, has driven growth in Africa’s mining sector, most of the continent has not yet translated mineral wealth into industrialization and widespread economic development. Most African countries continue to export raw materials and then pay a premium to import the products made with them.

Mining Indaba Focuses on the New Science of Stakeholder Outreach

Kelly Alderson's picture

Mining Indaba 2014At Indaba Mining, the annual gathering Feb. 3-5 in Cape Town of leaders of Africa’s mining sector—from government, corporations and civil society—the words “sustainability” and “stakeholder outreach” were ubiquitous. This focus on sustainability issues reflects impressive progress made in recent years around how mining can contribute to shared value.

A Billion-dollar Opportunity for Developing Countries

Otaviano Canuto's picture
The decision last week by the Swiss government to sign the OECD’s somewhat lengthily named Convention on Mutual Administrative Assistance in Tax Matters is the latest of a series of developments that have radically increased the amount and quality of tax information available to governments.

Houston - We Have a Problem When Transparency Does Not Convey Clarity

Michael Jarvis's picture

LNG
In downtown Houston last month, flags were unfurled everywhere promoting  LNG 17 - the biggest global gathering devoted to LNG, or liquefied natural gas, as well as its whole value chain.  Bringing together industry, governments and experts on everything from  "peak shaving" to floating liquefied natural gas facilities – to how LNG contributes to energy security, the conference proved a good platform to raise up and coming issues.  To that end, a World Bank Group session at the conference reviewed our own gas activities, and featured a discussion on "Petroleum Contract Transparency - the new normal?"

What's the Connection between Power, Development and Social Media?

Duncan Green's picture

I recently gave a talk about ICT and Development at the annual Re:Campaign conference in Berlin, organized by Oxfam Germany. Anyone who knows me will realize that this is a bit odd – despite being a blogaholic, I am actually Rubbish At Technology. In front of 300 trendy, young (sigh) i-thingy wielding activists, I felt like a Neanderthal at a cocktail party. Still, at least the fear of being shamed up finally got me tweeting two weeks before the conference.

I decided to make a virtue of necessity and set out some core processes in development, and then reflected on what ICT does/doesn’t contribute. Why take this approach (apart from being a techno-caveman, that is)? Because there’s too much magic bulletism in development –microfinance, GM crops and now ‘cyber utopianism’. What all of these have in common is that they are too often presented as ‘get out of jail free’ cards, delivering development without all the messy business of politics and struggle. At best, new technologies shift power balances, sometimes favourably, sometimes not, but they don’t replace the process of struggle in development.


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