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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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  • 10 February 2020: The Guiding Principles for Durable Extractive Contracts have been endorsed by the Governing Board of the OECD Development Centre.  


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Shared Value Creation

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. Click here to consult the Framework's workstream.

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.




Integrating renewables in mining: Review of business models and policy implications  

The report focuses on the mining sector's energy transition based on a review of over 30 existing renewable energy projects in mines worldwide. It analyses the key drivers for, and obstacles to, renewable energy integration in mining operations, in order to reduce energy-related costs and associated  footprint, thereby contributing to the achievement of the SDGs and the Paris Agreement.


Revenue Management and Spending

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 Role of Sovereign and Strategic Investment Funds in the Low-carbon Transition : Sovereign wealth funds manage a large share of the world’s invested capital. The action or inaction of these funds on climate finance is of crucial importance to the world’s ability to reach the goals of the Paris Agreement, and restrain global warming to below 2 degrees Celsius. However, sovereign wealth funds have so far played a very limited role in climate finance. This report provides guidance on how governments can support their sovereign wealth funds in becoming climate-aligned commercial investors. The establishment of synergies between sovereign wealth funds and strategic investment funds can help scale up investments in clean-energy infrastructure.


Using Extractive Revenues for Sustainable Development - Policy Guidance for Resource-rich Countries - Transforming natural finite assets into human, social and physical capital is a key challenge for natural resource-rich countries. This report distils related lessons from the OECD Policy Dialogue on Natural Resource-based Development on natural resource revenue management and spending for sustainable development. This includes a guide on how natural resource-rich countries can ensure budget sustainability to support consistent spending over time. Further analysis focuses on the management of spending versus saving and the effectiveness of different spending mechanisms for sustainable development, making recommendations to address current challenges.



Getting Better Deals

Cover page of the Guidance for Governments to Assemble and Manage Multidisciplinary Teams for Extractive Contract NegotiationsInvestment contracts are key tools, defining investor-state relationships, determining the distribution of risks, costs and benefits as well as the level of public revenues to be expected from investment projects.  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 of the English version of the Guiding Principles for Durable Extractive Contracts document

Participating countries and stakeholders in the consultation process have collectively developed the Guiding Principles for Durable Extractive Contracts that host governments and investors can use as a common reference to build mutual trust during contract negotiations, and structure extractive contracts for the long term. 


Domestic Resource Mobilisation (tackling BEPS and corruption)

Corruption in the extractive sector 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. 

 How was the Typology developed? 

 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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