WBI to Host Dialogue on Improved Transparency in the Extractives Industries for g7+ Leadership
On October 29, 2012, the World Bank Institute (WBI) will host a South--South knowledge exchange event to provide g7+ countries new to extractive industry development advice on how to form basic governance organizations. The participants will also share best practices on how to establish minimum required data collection and monitoring and enforcement capabilities to improve transparency in this sector. These include developing capacity to structure fiscal systems; award of licenses; contract compliance monitoring; and revenue management.
The knowledge exchange will address fiscal design and administration (specifically the collection of taxes and royalties), and will explore challenges, opportunities, needs and lessons learned in the following areas:
• What difficulties were encountered in getting information from the field and from other governmental agencies? How were these overcome?
• What issues were encountered relative to technical capacity (including the recruitment and hiring of staff in this area)?
• What improvements are needed in the current collection and reporting systems?
• What has been the role of non-state actors, specifically civil society organizations?
Alfredo Pires, Secretary of State for Natural Resources, Timor-Leste
Kosti Manibe Ngai, Minister of Finance and Economic Planning, South Sudan
Stephen Dhieu, Minister of Petroleum, South Sudan
Randolph McClain, President/Chairman, National Oil Company of Liberia (NOCAL)
Deconte T. King-Sackle, Assistant Minister for Revenue, Ministry of Finance, Liberia
Sam Russ, Deputy Minister for Mining Operations, Ministry of Lands, Mines and Energy, Liberia
Steve Manteaw, Chairman, Oil and Gas Platform, Ghana
This event is part of a dialogue series led by WBI in collaboration with other World Bank units such as the Sustainable Energy Department, Extractives Industries Operations Unit ( SEGOP), and the Fragile and Conflict Affected Countries Unit (OPCFS) to facilitate a series of South-South dialogues for g7+ countries on how to improve transparency and oversight in the extractives industries. The g7+ is a coalition of 19 fragile states working to promote peace-building and state-building measures to stop conflict, build nations and end poverty. Many of the g7+ members are also resource-rich and face challenges to ensure that depletion of natural resource translates into development.
This initiative specifically targets the seven new deal pilot countries (notably Timor-leste, Liberia, Democratic Republic of Congo, South Sudan, Afghanistan, Sierra Leone and the Central African Republic). The program will capture lessons in New Deal pilot countries and connect practitioners and key national stakeholders in fragile states to share cross-country lessons and experiences that help them design and implement concrete national level reforms to advance the new deal agenda. The New Deal is a new framework for working in fragile contexts, which lays out five peace building and statebuilding goals (legitimate politics, security, justice, economic foundations, revenue and services. The New Deal was agreed to by the g7+ countries and development partners.