DevTalks - Withstanding the test of time: making extractive contracts work for everyone
Wednesday, 9th December 2020, 12.00 – 13.30 CET
Join the new online DEV Talks series - Reshaping development
Mario Pezzini, Director of the OECD Development Centre and Special Advisor to the Secretary-General on Development is pleased to invite you to a discussion on:
Withstanding the test of time: making extractive contracts work for everyone
Salli Swartz, Partner, Artus Wise
Iain Steel, Research Associate, Overseas Development Institute (ODI)
Howard Mann, Senior International Law Advisor, International Institute for Sustainable Development (IIDS)
Anna Theeuwes, Global Tax Policy Manger, Shell International BV
Michel Florent Okoko, Permanent Secretary of the National Committee & EITI Advisor to the Minister of Finance, Republic of Congo, and Member of the EITI Board
Peter Leon, Partner, Herbert Smith Freehills
Moderated by Lahra Liberti, Head of the Natural Resources-based Development Unit, OECD Development Centre and Mario Pezzini, Director of the OECD Development Centre.
Extractive contracts can have significant long-term impacts on the achievement of the Sustainable Development Goals. They not only shape the level of public revenues a government can get out of an investment, but also the extent to which that investment creates income-generating opportunities through employment and linkages with the local economy. Contracts also shape the balance between these economic benefits and social and environmental aspects.
The Guiding Principles for Durable Extractive Contracts offer a blueprint for how resource projects can be developed to reflect the balance of risks and rewards which underpins durable contracts, while also taking into account, from the very beginning, community interests and concerns. This DEV Talk is an opportunity to discuss how the Guiding Principles can help manage the expectations of all stakeholders and ensure the fair sharing of value throughout the life cycle of a project.