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Post-Conflict Countries - Promoting Effective Management of Natural Resources in Liberia

Promoting Effective Management of Natural Resources in Liberia

Issue

“Liberia’s natural resources played a central role in the civil war.... To succeed in reconstruction, Liberia will need to convert its vast natural resource wealth into sustainable economic and human development.”
— George Soros, Chairman, Open Society Institute

“Two-thirds of the world’s poorest people live in countries rich in natural resources.... But in many countries, there is an inverse relationship between this public resource and public welfare.”

— Revenue Watch Institute

Strategy

Create more equitable terms in natural resource contracts through contract review and concession negotiation
— Revenue Watch Institute

Case Study

Revenue Watch Institute
  • A policy institute and funding organization that promotes the responsible management of oil, gas, and mineral resources for the public good
  • Promote best practices in extractives revenue management in areas such as contracting, fiscal regimes for mining, and oil fund laws
  • Received more than $14 million in funding from Open Society Institute, the William and Flora Hewlett Foundation, and the Gates Foundation

Results

  • Helped Liberia successfully renegotiate its contracts in 2006 with the Firestone rubber company and the ArcelorMittal steel company
  • Funded and prepared a comprehensive report on the importance of the contract process in post-conflict economic recovery and development

Research Sources


Revenue Watch Institute

Getting a Better Deal from the Extractive Sector: Concession Negotiations in Liberia, 2006-2008
2/26/2009


OSI/Soros Foundations Network



The William and Flora Hewlett Foundation


Bill and Melinda Gates Foundation




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