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.