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PD-NR Work Stream 1: Shared Value Creation

 

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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.

 

NEXT STEPS:

 

  1. Support the development of Strategies on In-Country Value Creation in order to assess the constraints and opportunities as well as the potential for knock-on effects along the value chain of extractives and their improved integration with the rest of the economy. This in-country OECD and non-OECD collaborative analysis (at regional, national or sub-national level) involving Knowledge Peers will feed into the comparative analysis of country practices.
  2. Develop a Compendium of Practices to show concrete examples of how public-private collaboration can work in practice and be leveraged to advance the 2030 Agenda for Sustainable Development and support in particular the achievement of Sustainable Development Goals 8 (Promote inclusive and sustainable economic growth, employment and decent work for all) and 9 (Build resilient infrastructure, promote sustainable industrialization and foster innovation), and contribute to Goals 6 (Ensure access to water and sanitation for all) and 7 (Ensure access to affordable, reliable, sustainable and modern energy for all). The Compendium of Practices will take the form of an on-line living tool. The Compendium will foster cross-fertilisation of practices, mutual learning, and inform any necessary future revisions and adjustments of the Framework.

 

Timeline

 

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.

Jan.-Feb. 2016

Finalisation of the Framework by the Drafting Committee and endorsement by participants

29 Feb. 2016

Release of the Framework

2016-2017

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.

 

 

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