World Bank studies
6 total works
The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Economists, public finance professionals, and policy makers working in such countries are frequently confronted with issues that require an in-depth understanding of the sector. The objective of this volume is to provide a concise overview of EI-related topics these professionals are likely to encounter. The volume provides an overview of issues central to EI economics; discusses key components of the sector's governance, policy, and institutional frameworks; and identifies the public sector's EI-related financing obligations. Its discussion of EI economics covers the valuation of subsoil assets, the economic interpretation of ore, and the structure of energy and mineral markets. The volume maps the responsibilities of relevant government entities and outlines the characteristics of the EI sector's legal and regulatory frameworks. Specific key functions of the sector are briefly discussed, as are the financial structures that underpin environmental and social safeguards; investment of public revenues generated from oil, gas, or minerals; as well as extractive-based economic diversification. The authors hope that decision makers in ministries of finance, international organizations, and other relevant entities will find the study useful to their understanding and analysis of the EI sector.
Infraestruturas Financiadas por Recursos Naturais
by Havard Halland, John Beardsworth, Bryan Land, and James Schmidt
Published 30 May 2015
In recent decades, resource-rich developing countries have been using their natural resources as collateral to access sources of finance for investment. This report provides an analytical discussion of RFI contracting from a project finance perspective.
Infrastructures Financées par des Ressources Naturelles
by Havard Halland, John Beardsworth, Bryan Land, and James Schmidt
Published 30 May 2015
Depuis quelques dizaines d'années, les pays en développement riches en ressources naturelles utilisent ces dernières en tant que garanties pour obtenir accès à des sources de financement pour leurs investissements. Ce rapport présente une analyse approfondie des opérations menées dans le cadre de contrats de type IFR considérés sous l'angle.
The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Policy makers, economists and public finance professionals working in such countries are frequently confronted with issues that require an in-depth understanding of the sector, its economics, governance, and policy challenges, as well as the implications of natural resource wealth for fiscal and public financial management. The objective of the two-volume Essentials for Policy Makers, Economists and Public Finance Professionals, published in the World Bank Studies series, is to provide a concise overview of the EI-related topics these professionals are likely to encounter. This first volume, The Extractive Industries Sector, provides an overview of issues core to EI economics; discusses key components of the sector’s governance, policy, and institutional frameworks; and identifies the public sector’s EI-related financing obligations. Its discussion of EI economics covers the valuation of subsoil assets, the economic interpretation of ore, and the structure of energy and mineral markets. The volume maps the responsibilities of relevant government entities, and outlines the characteristics of the EI sector’s legal and regulatory frameworks. Specific, key functions of the sector are briefly discussed, as are the financial structures that underpin environmental and social safeguards; investment of public revenues generated from oil, gas, or minerals; as well as extractive-based economic diversification. The authors hope that policy makers, economists and public finance professionals working in resource-rich countries?including decision makers in ministries of finance, international organizations, and other relevant entities?will find the volume useful to their understanding and analysis of the EI sector.
El Sector de las Industrias Extractivas
by Havard Halland, Martin Lokanc, and Arvind Nair
Published 29 February 2016
El Sector de las Industrias Extractivas (IE) ocupa un lugar considerable en las economías de muchos países en desarrollo. Los economistas y los profesionales de las finanzas públicas que trabajan en estos países suelen enfrentarse a problemas que exigen un entendimiento profundo del sector, su economía, su buen gobierno y los desafíos en materia de políticas, así como a las consecuencias de la abundancia de recursos naturales para la gestión fiscal y de las finanzas públicas. El objetivo del estudio de tres volúmenes denominado Essentials for Economists and Public Finance Professionals, publicado en la serie de estudios realizados por el Banco Mundial, es presentar un panorama general conciso de los temas relacionados con las IE que estos profesionales probablemente deban encarar. En el primer volumen, “The Extractive Industries Sector”, se ofrece una reseña general de las cuestiones fundamentales para la economía de las IE; se analizan los componentes principales del buen gobierno, las políticas y los marcos institucionales del sector, y se identifican las obligaciones de financiamiento del sector público relacionadas con las IE. El análisis de la economía de las IE abarca la valuación de los activos subterráneos, la interpretación económica del mineral y la estructura de los mercados de la energía y los minerales. En este volumen se determinan las responsabilidades de las entidades gubernamentales correspondientes y se describen las características de los marcos jurídicos y normativos del sector de las IE. Se analizan brevemente las funciones clave y específicas del sector, además de las estructuras financieras que sustentan las salvaguardas ambientales y sociales; la inversión de los ingresos públicos provenientes del petróleo, el gas o los minerales, así como la diversificación económica basada en las industrias extractivas. Los autores esperan que este volumen resulte de utilidad a los economistas y los profesionales de las finanzas públicas que trabajan en países ricos en recursos (incluidos los encargados de la toma de decisiones en ministerios de finanzas, organizaciones internacionales y otras entidades relevantes) para la comprensión y el análisis del sector de las IE.
