Revenue Sharing of Natural Resources in Africa : Reflections from a Review of International Practices

The African continent is one of the world richest regions in oil, gas and minerals. Proven reserves have expanded and prospects improved recently making the continent an important player on the world stage. The share of natural resources in GDP is...

Full description

Bibliographic Details
Main Authors:	Brosio, Giorgio, Singh, Raju Jan
Format:	Mining/Oil and Gas
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AUCTION BENEFICIARIES BENEFICIARY BID BIDS BLOCK GRANTS CAPITAL COSTS CAPITAL EXPENDITURE CAPITAL LOSSES CASH FLOW CASH FLOWS CASH PAYMENT CASH PAYMENTS CASH TRANSFERS CENTRAL BANK CENTRAL GOVERNMENT CENTRAL GOVERNMENT SPENDING CENTRAL GOVERNMENTS CENTRALIZATION CHECKS CLAIMANTS COAL COLLUSION COMPENSATION FUND CONFLICT OF INTEREST CONSTITUTIONAL MANDATE CONSUMERS CORPORATE INCOME TAX CORPORATE PROFIT TAX CURRENCY CURRENT EXPENDITURES DEBT DEBT REDEMPTION DECENTRALIZATION DEMOCRATIC INSTITUTIONS DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPMENT PROJECTS DISBURSEMENT DISCOUNT RATE DISCOUNT RATES DISTRICT DISTRICT ASSEMBLIES DISTRICTS DIVIDENDS DOMESTIC MARKET DOMESTIC MARKETS ECONOMIC DEVELOPMENT ECONOMIC RENT ECONOMIC THEORY EFFICIENCY LOSSES ELECTRICITY ELECTRICITY PRICES EMISSIONS ENTITLEMENTS ENVIRONMENTAL ENVIRONMENTAL DAMAGES ENVIRONMENTAL ISSUES ENVIRONMENTAL POLICY ENVIRONMENTAL PROTECTION EQUALIZATION EQUIPMENT EXCHANGE RATE EXCHANGE RATES EXPECTED VALUE EXPENDITURE EXPENDITURE CUTS EXPLOITATION EXPLOITATION ACTIVITIES EXPORTS EXTERNAL DEBT EXTERNALITIES FEASIBILITY STUDIES FEDERAL CONSTITUTION FEDERAL COUNTRIES FEDERAL SYSTEM OF GOVERNMENT FINANCES FINANCIAL INSTRUMENTS FISCAL FRAMEWORK FORESTRY FRAUD GDP GOVERNMENT CAPACITY GOVERNMENT OWNERSHIP GOVERNMENT REVENUE HOLDING INCOME TAX INDUSTRIAL ECONOMIES INEFFICIENCY INSTRUMENT INSURANCE INTERGOVERNMENTAL RELATIONS INTERGOVERNMENTAL TRANSFERS INTERMEDIATION INTERNATIONAL BANK INVESTING ISSUANCE LANDOWNERS LEGAL FRAMEWORK LEVEL OF GOVERNMENT LEVY LOCAL GOVERNMENT LOCAL GOVERNMENTS LOCAL INFRASTRUCTURE MACROECONOMIC IMPACT MARKET PRICE MARKET PRICES MICROENTERPRISES MINES MINISTRY OF ENERGY MINISTRY OF FINANCE MINISTRY OF INDUSTRY MUNICIPALITIES MUNICIPALITY NATIONAL BUDGET NATURAL RESOURCES NET REVENUES OIL OIL PRICE OPEC OPPORTUNITY COSTS PENSION PENSION FUND POLICY INSTRUMENTS POLICY OBJECTIVES PORTS POTENTIAL INVESTORS PRESENT VALUE PRICE FLUCTUATIONS PRICE INCREASES PRODUCERS PRODUCTION COSTS PRODUCTION RATES PROVEN RESERVES PROVINCE PROVINCES PROVINCIAL GOVERNMENT PROVISION OF INFRASTRUCTURE PUBLIC PUBLIC EXPENDITURE PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC GOOD PUBLIC GOODS PUBLIC INVESTMENT PUBLIC SECTOR REGULATORY POWERS RENEWABLE RESOURCES RETURN RETURNS REVENUE FLUCTUATIONS REVENUE MANAGEMENT REVENUE SHARING REVENUE SHARING SCHEMES REVENUE VOLATILITY RISK AVERSE RISK AVERSION ROADS SAL SAVINGS SECTOR MINISTRY SHARE OF EQUITY SHARE OF INVESTMENT SHAREHOLDER SOVEREIGN RISK SUB-NATIONAL SUBNATIONAL SUBNATIONAL GOVERNMENT SUBNATIONAL GOVERNMENTS SUBNATIONAL UNITS SURCHARGES SUSTAINABLE DEVELOPMENT SUSTAINABLE EXPLOITATION TAX TAX ADMINISTRATION TAX BASE TAX BASES TAX CONCESSION TAX CREDIT TAX INSTRUMENTS TAX LIABILITIES TAX LIABILITY TAX OBLIGATION TAX PURPOSES TAX RATE TAX RATES TAX REVENUE TAX REVENUE SHARING TAX REVENUES TAXABLE INCOME TAXATION TAXPAYERS TIMBER TOTAL COSTS TOTAL REVENUE TOXIC SUBSTANCES TRANSPARENCY TREATIES TREATY VALUE OF OUTPUT WEALTH
Online Access:	http://documents.worldbank.org/curated/en/2014/04/20153249/revenue-sharing-natural-resources-africa-reflections-review-international-practices http://hdl.handle.net/10986/20062