Nsouli This article reviews the evidence on the importance of domestic institutions for economic growth and examines the role of international financial institutions, and particularly the IMF and its training, in capacity building in Africa.
Focusing on PEI entails grappling with the ways in which power, interests, incentives and characteristics of political systems shape how extractive industry projects are developed, their ultimate outcomes, and often the fate of governance interventions designed to improve these.
The purpose of this group is to produce practical insights, new strategies, and tangible guidance to address a major challenge confronting all those hoping to improve outcomes from extractive industry development: This work on normative and technical aspects of governance has generated notable accomplishments over the last decade or so.
The cloak of confidentiality that has shrouded the sector is being steadily lifted; both voluntary initiatives like EITI and mandatory disclosure requirements have started to generate a wealth of data about the sector, including payment and revenue data and more information about the ownership and operation of extractive projects.
In addition, the field has made important progress on identifying good practice and good policies related to the full value chain of extraction, including around local content, shared use of infrastructure, taxation, benefit sharing, environmental practices, community engagement and consultation, and many other issue areas.
There also has been a notable increase in the number of trainings and tools — e. At the same time, there is a growing sense within the field that despite the great advancements in transparency, data generation, acceptance of good governance norms, availability of technical assistance, and other accomplishments, the many activities, strategies and research thus far have not significantly advanced the ultimate goals of the field, including improved well-being of citizens in resource-rich countries.
The emerging consensus is that, in part, progress on these fronts has been impeded by inadequate attention devoted by the GEI field to political considerations, a conclusion that has also been emerging in the broader development field beyond EI.
Such political considerations include, for instance, better understandings of: The practical limits of technical interventions and normative advocacy to date strongly suggest the importance of addressing issues related to political context, and yet, within the GEI field, how various stakeholders can and should understand and address such issues in research or practice remain strikingly underdeveloped.
The Project The ES on PEI seeks to support the GEI field in developing more active approaches to the politics of EI by serving as a policy innovation lab focused on unpacking political context and generating specific ideas and directions for addressing the political aspects of the governance of extractives.
Look out for forthcoming updates on individual topics such as these and additional resources for exploring PEI.The objectives of the Core Economic Institutions and Opportunities Program Project for Somalia are to: (a) improve the enabling environment for private and financial sector development; and (b) catalyze private investment and job creation.
This project was controversial from inception for three main reasons: the promoter (the now defunct Enron Corporation) sought to minimise its capital commitment in the project; the project economics relied on high final output pricing relative to prevailing (subsidised) price levels; and both project and financing transactions failed to protect adequately against political disruption.
Public institutions for people with developmental disabilities continue to operate within New York State, although their very existence has been condemned, and public policies directed their complete closure by the year From Snake Pits to Cash Cows investigates why these institutions persevere despite virtually universal predictions of their yunusemremert.coms: 1.
Read the case, “Politics, Institutions, and Project Finance: The Dabhol Power Project.” Write a page paper in which you: 1. Prepare a .
Task Force on Negotiating Agreement in Politics iii Michael Minta, University of Missouri Robert Mnookin, Harvard University Law School helpful in the early stages of the project.
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