This report was prepared by the OECD Development Centre within the framework of the Policy Dialogue on Natural Resource-based Development. It was welcomed by participants in the Eleventh Plenary of the Policy Dialogue on Natural Resource-based Development held on 12-13 December 2018 at the OECD in Paris.
This report rationalises the analysis developed for the Policy Dialogue’s Work Stream 2 on Revenue Management and Spending between 2015-2018, also building on the lessons learned from the knowledge-sharing and peer-learning exercise in relation to the management and mobilisation of natural resource revenues to support the 2030 Agenda for Sustainable Development.
The first part of the report discusses key principles of the management of natural resource revenues for a sustainable budget. The second part discusses mechanisms for the mobilisation of natural resource revenues for sustainable development. The report concludes with recommended policy responses to key identified revenue management and spending challenges.