Work Stream 1 - Shared Value Creation and Local Development
Co-chairs: Liberia and Norway
Under Work Stream 1, the Policy Dialogue process led to the development of the Framework for Extractive Projects on Collaborative Strategies for In-Country Shared Value Creation with the objective of articulating the sequencing of steps and actions needed to assist with the formulation and implementation of collaborative strategies to building diversified and competitive economies and promoting sustainable long-term in-country shared value creation. The Framework was developed by a Drafting Committee composed of representatives from governments, the extractive industry and the civil society. The Framework for Extractive Projects on Collaborative Strategies for In-Country Shared Value Creation was endorsed by participants in the Policy Dialogue in February 2016 and published in June 2016. The Framework answers two basic questions: (i) what can governments and industry do to maximise benefits from extractives? (ii) is there a model for shaping constructive and win-win public private collaborations? The Framework provides operational guidance on how host governments and extractives industries can work together in a structured and systematic way to design a sustainable development trajectory that outlast non-renewable resource extraction. It covers four value dimensions: employment, procurement of goods and services, shared use of infrastructure (power, water, transport) and innovation. It also clearly articulates roles and responsibilities to improve collaboration and achieve mutually beneficial outcomes.
|3-4 June 2014||2nd Meeting of the Policy Dialogue - OECD, Paris
Participants agreed to develop a Framework on Public-Private Collaboration for In-Country Shared Value Creation from Extractive Projects.
|June - Nov. 2014||Development of a zero draft of the operational framework by the OECD Secretariat|
|17-18 Nov. 2014||
3rd Meeting of the Policy Dialogue - OECD, Paris
The zero draft Framework was presented and discussed during the multi-stakeholder consultation. Decision was made to establish a Drafting Committee, chaired by Liberia and Norway and composed of representatives of governments, extractive industries and civil society organisations to further develop and refine the framework.
|Jan. - May 2015||Series of conference calls with Members of the Drafting Committee to produce an advanced draft for the 4th Meeting of the Policy Dialogue.|
|29-30 June 2015||
4th Meeting of the Policy Dialogue - OECD, Paris
Presentation and discussion of the advanced draft of the operational framework.
|July - Dec. 2015||Series of conference calls with Members of the Drafting Committee and consultations with OECD bodies to finalise the draft for the 5th Meeting of the Policy Dialogue.|
|15 Sep. – 30 Oct. 2015||On-line public consultation to inform revisions of the Framework by the Drafting Committee.|
|2-3-4 Dec. 2015||
5th Meeting of the Policy Dialogue – OECD, Paris
Final comments on the Framework by participants in the Policy Dialogue.
Finalisation of the Framework by the Drafting Committee and endorsement by participants
|29 Feb. 2016||
Release of the Framework
Piloting of the Framework in selected countries and development of a Compendium of Practices
The Framework will be complemented by a Compendium of Practices and used as a reference tool for developing Strategies on In-Country Value Creation in countries asking for the Development Centre’s support.