Revenue Distribution and Local Impact


1. Guide on Resource Revenue Transparency designed and prepared by the International Monetary Fund in 2007

The Guide on Resource Revenue Transparency applies the principles of the Code to the unique set of problems faced by countries that derive a significant share of revenues from oil or mineral resources.

2. Natural Resource Revenue Sharing designed and prepared by the National Resource Governance Institute and the United Nations Development Program 

This NRGI and United Nations Development Programme report, “Natural Resource Revenue Sharing,” provides a comprehensive summary of resource revenue sharing regimes around the world and offers advice to policymakers establishing or reforming their systems. The report draws on more than 30 case studies, eight of which are presented in the report.

3. Fiscal Transparency Code produced by the International Monetary Fund

The IMF’s Fiscal Transparency Code (the Code) is the international standard for disclosure of information about public finances. The Code comprises a set of principles built around four pillars: fiscal reporting; fiscal forecasting and budgeting; fiscal risk analysis and management; and resource revenue management. For each transparency principle, the Code differentiates between basic, good, and advanced practices to provide countries with clear milestones toward full compliance with the Code and ensure its applicability to the broad range of IMF member countries.

4. Sharing Mining Benefits in Developing Countries: The Experience with Foundations, Trusts, and Funds produced by the World Bank in June 2011

This publication examines the role of foundations, trusts, and funds (FTFs) in delivering benefits derived from mining projects in the developing world. It addresses the necessity of sharing benefits from mining projects and identifies the situations under which a dedicated instrument such as an FTF can support that process. This paper also identifies key conditions for success and areas of leading practice based on experience with mining FTFs globally and drawing on specific cases in Namibia, Papua New Guinea, Peru, and South Africa.

5. Mining foundations, trust and funds : a sourcebook compiled by the World Bank in June 2011

This sourcebook reviews the developing country experience of mining sector foundations, trusts and funds to date, identifies aspects of leading practice in this field and provides detailed examinations of fourteen case studies from Peru, Southern Africa and Papua New Guinea. It approaches this analysis from the perspectives of the three sets of key stakeholders: communities, companies and governments. Foundations, Trusts and Funds (FTFs) have different structures and vary considerably in different legal jurisdictions. Recognizing these differences, this study refers to FTFs as a group representing independent entities with options for governance to be shared amongst a number of stakeholders.

6. A practical guide to increasing mining local procurement in West Africa created by the World Bank in February 2015

This document provides information, guidance and tools to support decision-making, planning and implementation of mining local procurement in West Africa, in particular at a country level. It can be used by individual role players as well as form the basis of consultative processes. The guide can also support regional harmonization relating to mining local procurement. This 2015 version of the Practical Guide to Mining Local Procurement in West Africa addresses questions that are commonly asked by governments, companies, and citizens in the region.