Parliament and Extractive Industries: Unit 3: Countering the Resource Curse with Economic Policy and Planning

Unit 3 Questions

Please answer each of the following questions.  If you are taking this course in a group you may then meet to discuss your answers.

  1. Is there a vision and plan for the contribution of extractive industries to the social and economic development in your country? How will extractive industries contribute to the long term plan for the country‘s development? How will the government assure that resources are converted into long-term, sustainable income and benefits for this generation and future ones?

  2. Do the budget and/or Medium Term Framework explain how expected and realized revenues fit into the long term strategic vision? What are the government‘s priorities according to the budget?

  3. Are spending levels in your country sustainable? How do national expenditure levels compare to income levels? How is the government‘s money spent?

  4. If there is a Stabilization Fund, does it comply with the good practices set out in Box 10?

Relevant Internet Resources

The Natural Resource Charter: http://www.naturalresourcecharter.org/

Parliamentary Strengthening: http://www.parliamentarystrengthening.org/

OECD Best Practices for Budget Transparency: http://www.oecd.org/dataoecd/33/13/1905258.pdf
The World Bank: www.worldbank.org

The African Development Bank: www.afdb.org

Revenue Watch Institute: www.revenuewatch.org

Publish What You Pay: www.publishwhatyoupay.org

Global Witness: www.globalwitness.org

Oxfam: http://www.oxfamamerica.org/campaigns/extractive-industries

 

Select Bibliography

National Democratic Institute (2007) “Transparency and accountability in Africa’s Extractive Industries: The role of the legislature” NDI

Extractive Industries Value Chain. A comprehensive integrated approach to developing extractive industries. Eleodoro Mayorga Alba. Extractive Industries for Development Series #3, Africa Region Working Paper Series #125. March 2009, The World Bank

The political economy of natural resources: interdependence and its implications. Paul Collier, Center for Study of African Economies, Department of Economics, Oxford University, January 2009

Managing resource Revenues in Developing Countries. Paul Collier, Frederick van der Ploeg, Anthony J. Venables, Deepartment of Economics, University of Oxford, OxCarre Research Paper No. 2009-14

Short Guide to Parliamentary Oversight of Mineral Revenues. Revenue Watch, Working document, May 17, 2008

EITI Guide for Legislators, how to support and strengthen resource transparency. National Democratic Institute, 2009

World Bank. (2009). “Country Experience with Petroleum Revenue Funds – Part 1”. The World Bank Newsletter, Petroleum Sector Briefing Note, No. 4, January
World Bank (2010). “Natural Resources and Development Strategy after the Crisis”, World Bank PREM note, January 2010, number 147

International Monetary Fund (2007). “Code of Good Practices on Fiscal Transparency”

 

 


 

Previous Page