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Policy Dialogue on Natural Resource-based Development (PD-NR)

 

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Resource producer countries and extractive industries have become increasingly aware of the need to work together to use the extractive sector as a catalyst for long-term, competitive, inclusive and sustainable development.


As part of the OECD Strategy on Development adopted at Ministerial level in May 2012, the OECD Policy Dialogue on Natural Resource-based Development (PD-NR) offers an intergovernmental platform for peer learning and knowledge sharing where OECD and non-OECD producing countries, in consultation with extractive industries, civil society organisations, and think tanks, can craft innovative and collaborative solutions for resource-based development. The work and analysis of the Policy Dialogue also feeds into other international processes such as the 2030 Agenda for Sustainable Development, the G7 CONNEX Initiative, the G20 Development Working Group and the G20 Anti-Corruption Working Group.

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Natural resources brochure cover


 
LATEST NEWS

  • 15-16 June 2017: Read the Key Outcomes of the Eighth Plenary Meeting of the Policy Dialogue

 

Shared Value Creation

 

Revenue Management and Spending

 

Getting Better Deals

 

Domestic Resource Mobilisation (tackling BEPS and corruption)

Participating countries and stakeholders in the consultation process have collectively developed a  Framework for Extractive Projects on Collaborative Strategies for In-Country Shared Value Creation to use extractives to build competitive and diversified economies Country Reviews on Shared Resource-based Value Creation are also used to assess the constraints and opportunities for in-country value creation and better integration of the extractive sector with the rest of the economy.

A Compendium of Practices is being developed to provide further guidance for operationalising the Framework, inform improved policy making and support the implementation of the 2030 Agenda for Sustainable Development by showing how public-private collaboration can work in practice.

Collaborative Strategies for In-Country Shared Value Creation - COVER‌‌

 

Participating countries endorsed the lessons learned in the Comparative analysis of country practices on the performance of stabilisation funds and public investment options. Participants agreed on the merit of continuing the dialogue on natural resource funds and revenue spending to address specific demands from resource-rich emerging and developing countries, broadly differing from those of developed economies. 

 

The Policy Dialogue and the G7 CONNEX Initiative have joined forces to establish a CONNEX Negotiation Support Forum with a view to building a common knowledge base to negotiate better deals, bridging asymmetry of information and identifying ways to improve the quality of the advice by service providers.  The process has led to the development of Guidance to Assemble and Manage Multidisciplinary Teams for Extractive Contract Negotiations to engage effectively in extractive contract negotiations.  Annexed to the Guidance is a Terms of Reference Template that governments may use to recruit and to monitor external advisers. 

Since the pricing of transactions between related parties in the extractive industries is an issue of particular relevance to many developing countries, a toolkit on mineral product pricing, which  has been the subject of extensive consultation within the Policy Dialogue, has been released to help address the information gaps on prices of minerals sold in an intermediate form (such as concentrates).

Cover page of the Guidance for Governments to Assemble and Manage Multidisciplinary Teams for Extractive Contract Negotiations

 

Participating countries and stakeholders in the consultation process have collectively developed a Typology of Risks, Mitigation Measures and IncentivesThis work is intended to contribute to the 2030 Agenda for Sustainable Development and other international processes, including on-going efforts by the G-20 Anti-Corruption Working Group to prevent and address corruption in high-risk areas.

The Typology can be used as a benchmarking tool by stakeholders or integrated into existing methodological tools to carry out sector-specific integrity scans or peer-reviews, such as the African Peer Review Mechanisms. 

Corruption in the extractive sector

The OECD and the  Intergovernmental Forum on Mining, Minerals and Metals (IGF) are addressing high-priority tax base erosion issues facing many developing countries in raising revenue from their mining sectors, including excessive interest deductions; the design and use of tax incentives for mining investment; mineral product pricing for products with opaque markets; strengthening mineral testing and verification practices; and the use of stabilisation clauses in investment treaties. As production entitlements often account more than taxes in producing countries, a new international dialogue on Commodity Trading Transparency was launched to improve common understanding, possible approaches, and benefits of transparency in commodities trading-related payments to reduce corruption risks and opacity in the selection of buyers, negotiation of contract terms, transfer of revenues, and to enhance governments’ accountability in the use of the sales proceeds. 

 

 

 

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