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March 2020 news and analysis from NRGI

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Amid Market Chaos, Oil Price Plunge a Warning to State-Owned Companies
NRGI’s Patrick Heller writes that leaders must consider risks and future market scenarios before allowing state oil companies to continue the “drill-collect-borrow-spend” cycle that has dominated their strategies. 

Podcast: Africa’s Commodity-backed Debts to China
The China Africa Project interviewed NRGI’s David Mihalyi and Herve Lado about NRGI's recent research into resource-backed loans. The podcast complements other March coverage of the report’s findings by outlets including Forbes, Quartz Africa, RFI, Jeune Afrique and the BBC World Service. 

Comments Reveal Overwhelming Support for Stronger U.S. Extractives Transparency Rule
A review of comments submitted to the U.S. Securities and Exchange Commission shows that an overwhelming number of concerned parties, from small NGOs to corporate behemoths, have urged the regulatory body to align the rule with global payment transparency norms.

NRGI Impact: Guinea Realizes More Revenues From Mining, Publishes Contracts
After several years of support from NRGI, governance of Guinea’s mining sector has markedly improved, with increased investment, quadrupled bauxite production and increased tax revenues from the sector. A new, transparent cadaster facilitates the allocation of licenses and government monitoring of license obligations.


Sector Extractivo: Sostenibilidad y Desarrollo en América Latina y el Caribe
The second edition of this free Spanish-language massive online open course on resource governance is now open for enrollment. Register here.  


Tangled Web: The Role of Oil, Gas and Mining in Funding Regional Governments in Indonesia
This report charts the expansion of Indonesia’s decentralized government as it relates to the sharing of natural resource revenues, investigates the challenges this creates, and offers some recommendations for reform and further investigation. 


Tips for African Negotiators Doing Deals with China: Rebalancing Asymmetries
The authors of this post present experiences and lessons shared by African negotiators who have negotiated with Chinese entities. These best practices can help African governments to generate more value from future deals.

Caremongering in the Time of Coronavirus: Random Acts of Kindness, and Online Enrichment
NRGI's Daniel Kaufmann shares personal reflections on compassion during the pandemic, as well as some recommendations for self-soothing and enrichment in a time when many are living in isolation. (It's also available in Spanish.)

Research & Data Digest
Colleagues from NRGI’s Research, Data and Learning Team have released their first quarterly email update. You can learn more about open data and extractives governance, and benefit from the team’s tips on research produced by others in the field. Read the new edition and subscribe

NRGI in the news and on the web

African producers feel the pain of lower oil prices
The National (UAE)

Under pressure, AJN Resources scraps planned Kibali stake purchase

Prêts adossés aux ressources naturelles : Un endettement excessif des pays africains
L'Economist du Faso

Water, transparency and mining concerns in the Philippines

How Chinese loans can become ‘perilous pitfalls’ for Africa
South China Morning Post

Accord Sino-guinéen de 20 milliards USD: un prêt risqué pour la Guinée (rapport)

Guinée-Chine: en Guinée, on est plutôt sur une situation d’opacité avec ce prêt de 20 milliards de dollars (Hervé Lado)

Les gouvernements africains doivent faire la lumière sur les prêts adossés aux ressources naturelles, selon un rapport de NRGI
Guinée Eco

It’s not too late to come clean on US$2bn Sinohydro deal terms – NRGI Report

Préstamos respaldados por recursos naturales: profundizando la adicción a la extracción
LaMula (Peru)

Inside the murky world of China’s resource-backed loans
Telegraph (U.K.)

Stakeholders demand terms for $47b Chinese loan, projects execution
Guardian (Nigeria) 

Myanmar govt faces setbacks in enforcing compliance with EITI database
Myanmar Times

Mortgaging the future: Report details risks of resource-backed loans

Africa: cost of resource-backed loans
Business Africa

La menace des prêts adossés au pétrole
Business Africa

Ghana could lose collateral to Sinohydro in bauxite-backed-loan – IMF warns
News Guide Africa

It’s not too late to come clean on US$2bn Sinohydro deal terms – NRGI Report
Class FM

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Guinea photo credit: Darryl Keith via Wikimedia Commons, under Creative Commons Attribution-Share Alike 3.0 Unported license
The Natural Resource Governance Institute (NRGI) helps people to realize the benefits of their countries’ endowments of oil, gas and minerals. We do this through technical advice, advocacy, applied research, policy analysis, and capacity development. We work with innovative agents of change within government ministries, civil society, the media, legislatures, the private sector, and international institutions to promote accountable and effective governance in the extractive industries. For more information, please see
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