Development Centre

Policy Dialogue on Natural Resource-based Development

 

News

 

About

 

Value added

 

Themes

 

Who's involved?

 

Meetings

 

What's New?

3-4 June 2014: Key outcomes of the second meeting of the Policy Dialogue on Natural Resource-based Development, OECD, Paris. 
17-18 November 2014:
Third meeting of the Policy Dialogue on Natural Resource-based Development, OECD, Paris.

 

What is the Policy Dialogue on Natural Resource-based Development?

In May 2012, the OECD Council at Ministerial level adopted the OECD Strategy on Development. The Strategy aims to strengthen OECD’s contributions to “higher and more inclusive growth in the widest array of countries”, promote further OECD engagement with Partner countries and foster better mutual understanding and cooperation. As an OECD horizontal initiative, the Policy Dialogue on Natural Resource-based Development is an integral part of this endeavour.

It aims at establishing a multi-year structured process to foster knowledge sharing and peer-learning among producing countries - OECD member and partner countries alike - on how to best harness natural resources for more inclusive and broad-based development. For the purposes of the first cycle 2014-15, natural resources are understood as endowments in non-renewable commodities in the extractive sector (oil, gas, coal, metals and minerals).

 

Value added

This OECD horizontal initiative led by the Development Centre will contribute to making the OECD a more effective global policy network and to ensuring OECD’s continuous relevance as a forum where developing, emerging and advanced economies can constructively discuss issues of common interest and explore approaches to common challenges, through:

  • Inclusiveness: OECD and Partner countries participate on equal footing. Every participant plays a role as both knowledge holder and knowledge recipient for the production of new collective knowledge, supported by evidence-based analysis. As such, the Policy Dialogue requires continuous engagement and full ownership of results by participating countries and it differs substantially from one-off conferences and complements other initiatives focusing on training, technical assistance, knowledge dissemination and implementation of general frameworks.
  • Improved horizontal cooperation: OECD expertise is leveraged wherever appropriate as one of the multiple available sources of knowledge (CTPA/DCD, DAF, ENV, GOV, LEG, TAD).
  • Effective coordination with other international organisations and initiatives on extractives: An Expert Advisory Board has been established to serve this purpose with the participation of the IMF, the World Bank and the World Economic Forum.
  • Multi-stakeholder consultations: stakeholders (of industry and civil society) are involved on a continuous and structured basis to fully appreciate the implications of policy options and work towards mutually beneficial outcomes. This includes looking into successful approaches to strategically co-ordinate with the private sector, with a view to achieving mutually beneficial outcomes for both investors and host governments.
  • Policy coherence for development: the Policy Dialogue contributes to streamlining the developmental dimension across the OECD and policy advice for resource-based economies, through a better understanding of their priorities and challenges.

 

Thematic Work Streams 2014-2015 and deliverables

The Policy Dialogue will be structured around four thematic Work Streams:

  • Shared Value Creation and Local Development
  • Revenue Spending and Stabilisation Funds
  • Getting Better Deals
  • Detecting Corruption Risks in the Extractive Sector

This knowledge-sharing process will be fed by thematic comparative analysis/policy reviews co-ordinated by the OECD Secretariat, with involvement of OECD and partner countries and partner organisations engaged in the different Work Streams. Deliverables include compendiums of good practices, (principled) guidance and tools that could be tailored to specific contexts and support the design and implementation of policies at country-level.

   

Who is involved in this initiative?

 
Engagement with OECD and Partner producing countries

The Policy Dialogue is an intergovernmental process involving OECD and Partner countries producing oil, gas, coal, minerals and metals. Membership is also open to OECD countries that have development co-operation strategies and programmes focused on natural-resource based development (associate members).

Involvement of Partner International Organisations and Institutions

An Expert Advisory Board composed of representatives of international organisations and institutions has been established to catalyse efforts, promote effective collaboration, avoid duplication of work and fill the implementation gap. The International Monetary Fund, the United Nations Development Programme, the United Nations Economic Commission for Africa, the World Bank and the World Economic Forum have formally joined the Expert Advisory Board.

Consultations with stakeholders

Input from private sector (companies and industry associations), think tanks and civil society with expertise on natural resources will be sought throughout the process in order to further advance the objectives of the programme.

 

Meetings

  • Inaugural Meeting of the Policy Dialogue, OECD, Paris, 18-19 December 2013.
  • Second meeting of the Policy Dialogue on Natural Resource-based Development, OECD, Paris, 3-4 June 2014.
  • Third meeting of the Policy Dialogue on Natural Resource-based Development, OECD, Paris, 17-18 November 2014.

 

 

 

 

Related Documents

 

Towards an OECD Strategy on Development

The OECD's Relations with its Key Partners

Policy Coherence for Development

 

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