Angola´s Extractive Industry . Impact & consequences. Johannesburg , May 2010. Belisário dos Santos ADRA and DW. The role of Extractive Industries in the Angolan economy. Good Governance represents a big challenge for Angola oil economy.
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Angola´sExtractiveIndustry. Impact & consequences
Johannesburg, May 2010. Belisário dos Santos
ADRA and DW
Good Governance represents a big challenge for Angola oil economy.
The money from oil, gas and mine is often associated with poverty, conflit and corruption – “the resource curse”, because of lack transparency and accountability around the payments that companies are making to governments and revenues that governments are receiving from companies!
Extratctive Industry is the main “fuel” of the Angolan economy
Angola still relies on a centrally controlled major revenue stream and is not reliant on domestic taxation or a diversified economy to function.
Publicinstitutions: agencies responsible for managementof natural resources (SONANGOL, MinisteryofOil), agencies responsible for economicdevelopment, private- sector regulationandpublicadministration.
Private sector: companiesoperatinginthecountry (domesticstate.ownedcompanies, international (state-ownedandprivate) companies, investorsandbusinessassociations
Civil society:( community-based organisations, NGOs, academic and researchers, anti-corruption campaigners (Rafael Marques), IMF, Human Rights Watch (reporting scandals on EI ).
Basically, there is not enough transparency or political space for the public to hold the Extractive Industries accountable.
Boost the country economy
Rebuild the country after the long civil conflit
High economic growth (between 1997-2008 the country GDP grew from $7.8 billion to some 83.4 billion) but what does it mean in terms of social economic development?
Conflits in Cabinda and Lundas,Enviromental risks
Corruption and missmanagement of public resources.
Less pressure from international community in holding the Government to be more transparent and accountable
Lack of participatory democracy on decision-making
The Angolan Government has missmanaged country´s substancial oil revenues and used its control over wealth to isnulate itself from public scrutiny.
The Government has recently introduced some important reforms in oil sector transparency, but far more need to be done in order to curb corrution and hold the Government more accountable to its citizens.
There is not enough transparency or political space for the public to hold the Extractive Industries accountable. This is due to some external (IMF, international community) and internal pressure.
Many NGOs and activists have urged the Angolan Government to put their discourses and policies into concrete action (zero country tolerance,…)
To influence the Angolan Government to adhere to the EITI, although the government have applied some principles.
To continue investigating bad practices on oil revenues management
To stablish a strong public space in order to engage civil society organisation and government in decision-making processes
CS needs to work more closely with private sector as a new opportunity
Sharing responsabilities with all stakeholders on EI operations is more effective in poverty reduction
The fundamental approach of public policy on EI implies to have:
Stablished public institutions that work
Culture of public administration
Principles of sharing power between government, CS and private sector.
The Angolan government need to establish CSR entities