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The 2013 Resource Governance Index

The 2013 Resource Governance Index A measure of transparency and accountability in the oil, gas and mining sector Marie Lintzer Accra, August 2013 http:// www.revenuewatch.org/rgi. What’s at stake?. Oil, gas and mining sector governance as a development challenge

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The 2013 Resource Governance Index

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  1. The 2013 Resource Governance Index A measure of transparency and accountability in the oil, gas and mining sector Marie Lintzer Accra, August 2013 http://www.revenuewatch.org/rgi

  2. What’s at stake? • Oil, gas and mining sector governance as a development challenge • In resource rich countries: • Over 1 billion people live on less than $5 a day • 640 million live on $2 a day or less. • In 2011, Nigeria’s oil revenues alone were 60 percent higher  than international aid to all of sub-Saharan Africa. • Governance is the challenge, but also the solution. • The RGI aims to help advance this effort.

  3. Why is a measure of resource governance needed? • Raise awareness about a major development challenge • Attract investors • Concretize what may be seen as a vague challenge • Enable evidence-based policymaking and advocacy • A diagnostic tool to identify global and country reform priorities

  4. What is the Resource Governance Index? • A measure of transparency and accountability of the oil, gas and mining sector in 58 countries. • 2012 data • 173 questions • 50 indicators • >100 researchers/experts

  5. How is the Index built: summary

  6. Index structure

  7. 80% of countries do not meet satisfactory governance standards

  8. Regional performance

  9. RGI Results for the 58 countries

  10. Transparency is missing where it is needed most

  11. Satisfactory performance is possible in diverse contexts

  12. State-owned companies in 45 countries

  13. Natural resource funds in 23 countries $1 trillion

  14. Recommendations to improve resource transparency and accountability • Disclose contracts signed with extractive companies. • Ensure that regulatory agencies publish timely, comprehensive reports on oil, gas and mining operations. • Extend transparency and accountability standards to SOCs and natural resource funds. • Concerted effort to control corruption, strengthen the rule of law and guarantee civil and political rights. • Adopt international reporting standards for governments and companies.

  15. RGI products on http://www.revenuewatch.org/rgi • 58 printable country pages

  16. RGI products • 58 detailed country questionnaires with sources for every indicator score

  17. RGI products • An interactive tool for comparing and visualizing resource governance

  18. RGI products • 5 regional factsheets summarizing regional findings and recommendations, translated in regional languages.

  19. Ghana’s mining sector overall performance on the RGI

  20. Institutional and legal setting

  21. Reporting practices

  22. Safeguards and quality controls

  23. Enabling environment

  24. Ghana’s mining sector

  25. Thank you! http://www.revenuewatch.org/rgi http://www.revenuewatch.org/rgi/findings http://www.revenuewatch.org/rgi/countries

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