Framework for Extractive Projects on Collaborative Strategies
for In-Country Shared Value Creation
The final version of the Framework for Extractive Projects on Collaborative Strategies for In-Country Shared Value Creation was endorsed on 29 February 2016 by participants in the Policy Dialogue on Natural Resource-based Development, following the integration of comments received at the Fifth Plenary Meeting, further revisions by the Drafting Committee in January 2016 and subsequent submission for final endorsement through the written procedure between 4 and 26 February 2016.
Through an open, inclusive and constructive dialogue, common ground emerged on how governments, industry, and civil society can work together to create shared value and local development from extractive projects. The Framework offers concrete options for action based on real experience and available knowledge for harnessing non-renewable natural resources to build competitive, diversified and sustainable economies through public-private collaboration. The Framework can further be used to leverage public-private partnerships to support the implementation of the SDGs, including through the development of a Compendium of Practices to show concrete examples of how public-private collaboration can work in practice.
The ultimate success of the Framework will now depend on its wide uptake and actual use by key stakeholders and participants in the Dialogue. In this regard, participants in the Dialogue have agreed to seize every suitable opportunity to raise awareness, promote and pilot this tool starting with two promising avenues: