Publication:
The Art and Science of Benefit Sharing in the Natural Resource Sector

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dc.contributor.authorInternational Finance Corporation
dc.date.accessioned2016-08-04T14:35:35Z
dc.date.available2016-08-04T14:35:35Z
dc.date.issued2015-02
dc.description.abstractThe purpose of this paper is to contribute to theunderstanding and discussion of how the costs andbenefits of natural resource development are sharedacross society. This paper presents how IFC, as both aninvestor and a development organization, determineswhether benefits and costs are shared reasonably, and how this assessment influences IFC’s decision to invest ina particular natural resource project. the goal of the paper is to promotea broad, constructive dialogue across stakeholders—governments, investors, civil society, and others—around benefit sharing. The paper draws on IFC’s experience and presents anoverarching framework for multi-stakeholder benefitsharing, providing analysis and guidance for a range ofcomplex topics. The paper is intended to provide entrypoints for stakeholders of varying levels of familiarity with the issues to benefit-sharing assessment. The paper is not a definitive manual for all the issues coveredfor which more detailed, high-quality and excellentreferences and literature exists. This paper is organized along these broad areas of impact that IFC considers in the benefit sharing assessment:fiscal, economic, environmental, and social. The approaches IFC uses to evaluate benefit sharing arepresented in each area, along with some lessons learned. This is complemented by a discussion of key issues thatare topical in the field. Each chapter opens with a list of questions that can be used as a guide to assess the potential benefits and costs of an investment. As a result, there is a spectrum of what can be considered reasonable overall. However, there may be particular features of a benefit-sharing arrangement that stand out and can signal a risk to its legitimacy. Our aspiration is that this paper will complement as well as stimulate work by others that can enhance the collective knowledge and encourage dialogue.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/06/26514200/art-science-benefit-sharing-natural-resource-sector-discussion-paper
dc.identifier.doi10.1596/24793
dc.identifier.urihttps://hdl.handle.net/10986/24793
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderInternational Finance Corporation
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectCAPITAL GAIN
dc.subjectAUCTION
dc.subjectHOLDING
dc.subjectEQUIPMENT
dc.subjectACCOUNTING
dc.subjectLOCAL CAPACITY
dc.subjectLEGAL AGREEMENTS
dc.subjectLOCAL ECONOMY
dc.subjectVALUATION
dc.subjectWITHHOLDING TAX
dc.subjectINTEREST
dc.subjectRATE OF RETURN
dc.subjectPUBLIC INVESTMENTS
dc.subjectREMITTANCE
dc.subjectGOVERNMENT REVENUES
dc.subjectOPTION
dc.subjectDEVELOPING COUNTRIES
dc.subjectREVENUES
dc.subjectPORTFOLIO
dc.subjectCAPACITY BUILDING
dc.subjectTAX PROVISIONS
dc.subjectRENEGOTIATION
dc.subjectEQUITY RETURNS
dc.subjectTREATIES
dc.subjectCASH FLOWS
dc.subjectINSTRUMENTS
dc.subjectFOREIGN INVESTMENT FLOWS
dc.subjectPOLITICAL RISKS
dc.subjectLONG-TERM COST
dc.subjectCONVERSION
dc.subjectFOREIGN INVESTOR
dc.subjectEQUITY CAPITAL
dc.subjectOIL PRICES
dc.subjectLEVEL OF RISK
dc.subjectCURRENCY
dc.subjectGOVERNMENT POLICY
dc.subjectMARKET VALUES
dc.subjectCAPITAL GAINS
dc.subjectLOCAL INVESTORS
dc.subjectFINANCES
dc.subjectTAX REGIME
dc.subjectEXCHANGE RATES
dc.subjectINVESTMENT FUNDS
dc.subjectMONETARY FUND
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectDEBT
dc.subjectMARKETS
dc.subjectLANDHOLDER
dc.subjectLOCAL GOVERNMENT
dc.subjectFINANCIAL FLOWS
dc.subjectSETTLEMENT
dc.subjectINCOME LEVELS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectDUE DILIGENCE
dc.subjectCOMMODITY PRICE
dc.subjectFUTURE CASH FLOWS
dc.subjectINVESTMENT DECISIONS
dc.subjectGOVERNMENT BUDGETS
dc.subjectTRANSACTIONS
dc.subjectINVESTMENT FLOWS
dc.subjectCASH ECONOMY
dc.subjectEMERGING MARKETS
dc.subjectAUCTIONS
dc.subjectDEBT FINANCING
dc.subjectSHARE OF EQUITY
dc.subjectGOOD
dc.subjectTRANSPARENCY
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectPRIVATE INVESTOR
dc.subjectFUTURE
dc.subjectMARKET PRICES
dc.subjectOFFSHORE CENTERS
dc.subjectLAND VALUES
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectCOMMERCIAL TERMS
dc.subjectCONFLICTS OF INTEREST
dc.subjectFOREIGN INVESTMENT
dc.subjectCAPITALIZATION
dc.subjectFINANCIAL PERFORMANCE
dc.subjectPRICE CHANGES
dc.subjectTAX RATES
dc.subjectEQUITY STAKE
dc.subjectOFFSHORE FINANCIAL CENTERS
dc.subjectSHARES
dc.subjectLOCAL CURRENCY
dc.subjectEQUITY INVESTMENT
dc.subjectMUNICIPAL INVESTMENT
dc.subjectTREASURY
dc.subjectCREDIT RISK
dc.subjectSHAREHOLDERS
dc.subjectINSURANCE
dc.subjectGOVERNMENT POLICIES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectHOST GOVERNMENT
dc.subjectACCOUNTING STANDARDS
dc.subjectPRICE RISKS
dc.subjectRATES OF RETURN
dc.subjectHOST COUNTRY
dc.subjectHOST GOVERNMENTS
dc.subjectDISCOUNTS
dc.subjectPRIVATE INVESTORS
dc.subjectDEVELOPMENT FINANCE
dc.subjectFINANCIAL STRUCTURE
dc.subjectAMOUNT OF DEBT
dc.subjectLONG-TERM INVESTORS
dc.subjectRATES OF INTEREST
dc.subjectCOMMODITY PRICES
dc.subjectFISCAL DECENTRALIZATION
dc.subjectINTERNATIONAL MARKETS
dc.subjectOUTSIDE INVESTOR
dc.subjectLEGAL RIGHTS
dc.subjectCASH FLOW
dc.subjectPOLITICAL RISK
dc.subjectHUMAN DEVELOPMENT
dc.subjectINVESTING
dc.subjectINVESTMENT DECISION
dc.subjectLIVING STANDARDS
dc.subjectTARIFFS
dc.subjectREGULATORY FRAMEWORK
dc.subjectOIL PRICE
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFOREIGN INVESTORS
dc.subjectCORPORATE TAX RATE
dc.subjectINFORMATION TECHNOLOGY
dc.subjectTAX FRAMEWORKS
dc.subjectGOVERNMENT SPENDING
dc.subjectEXCHANGE
dc.subjectDISCOUNT RATE
dc.subjectLOCAL GOVERNMENTS
dc.subjectTAX COLLECTION
dc.subjectREAL INTEREST
dc.subjectGOVERNMENT CAPACITY
dc.subjectDISCOUNT
dc.subjectTAX SYSTEMS
dc.subjectTAX
dc.subjectCASH TRANSFER
dc.subjectINCOME TAX
dc.subjectBUDGETING
dc.subjectLONG-TERM INVESTMENT
dc.subjectBENEFICIARIES
dc.subjectINFLATION
dc.subjectINTERNATIONAL BANK
dc.subjectFOREIGN INVESTMENTS
dc.subjectDEVELOPING COUNTRY
dc.subjectENABLING ENVIRONMENT
dc.subjectINTERNATIONAL FINANCE
dc.subjectARBITRATION
dc.subjectLEGISLATIVE FRAMEWORK
dc.subjectLOCAL INVESTOR
dc.subjectTELECOMMUNICATIONS
dc.subjectHOST COUNTRIES
dc.subjectPRICE VOLATILITY
dc.subjectCONTRACTS
dc.subjectLOCAL BUSINESS
dc.subjectINTEREST RATES
dc.subjectOPTIONS
dc.subjectNATURAL DISASTERS
dc.subjectPRIVATE INVESTMENT
dc.subjectRETURN
dc.subjectLENDERS
dc.subjectRISK CAPITAL
dc.subjectINVESTOR RETURNS
dc.subjectDIRECT INVESTMENT
dc.subjectLOANS
dc.subjectRESERVES
dc.subjectOFFSHORE FINANCIAL CENTER
dc.subjectFINANCE
dc.subjectTAX POLICIES
dc.subjectPUBLIC INVESTMENT
dc.subjectTAXES
dc.subjectACCESS TO INFORMATION
dc.subjectEXPENDITURE
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectEQUITY
dc.subjectINCOME TAXES
dc.subjectTRANSACTION
dc.subjectINVESTORS
dc.subjectTAX RATE
dc.subjectFINANCIAL STRUCTURES
dc.subjectGOVERNANCE ISSUES
dc.subjectMARKET PRICING
dc.subjectRETURNS
dc.subjectBUDGETS
dc.subjectTAX REGIMES
dc.subjectLOCAL BUSINESSES
dc.subjectCONTRACT
dc.subjectREPAYMENT
dc.subjectEXPENDITURES
dc.subjectBIDS
dc.subjectPOTENTIAL INVESTMENT
dc.subjectMARKET
dc.subjectMARKET VALUE
dc.subjectBANK ACCOUNTS
dc.subjectLEVY
dc.subjectLAND TITLE
dc.subjectRENEGOTIATIONS
dc.subjectDISCOUNT RATES
dc.subjectINFRASTRUCTURE INVESTMENTS
dc.subjectEXPROPRIATION
dc.subjectINTERESTS
dc.subjectGOODS
dc.subjectCORPORATE DEBT
dc.subjectINVESTOR
dc.subjectLANDOWNERS
dc.subjectLOCAL ECONOMIES
dc.subjectSECURITY
dc.subjectDURABLE
dc.subjectINVESTMENT
dc.subjectINVESTMENT PORTFOLIO
dc.subjectSHARE
dc.subjectINVESTMENT CLIMATE
dc.subjectTAX SYSTEM
dc.subjectPOVERTY
dc.subjectOFFSHORE BANK
dc.subjectBID
dc.subjectDECENTRALIZATION
dc.subjectREVENUE
dc.subjectTAX POLICY
dc.subjectPROFIT
dc.subjectINTERNAL RATE OF RETURN
dc.subjectINVESTMENTS
dc.subjectRISK MANAGEMENT
dc.subjectDEBT REPAYMENT
dc.subjectINSTRUMENT
dc.subjectCOMPETITIVE BIDDING
dc.subjectPROFITS
dc.subjectCOMMON LAW
dc.subjectCOMPETITIVE AUCTION
dc.subjectGUARANTEE
dc.subjectWITHHOLDING TAXES
dc.subjectGOVERNMENT INTERVENTION
dc.subjectCORPORATE GOVERNANCE
dc.titleThe Art and Science of Benefit Sharing in the Natural Resource Sectoren
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleThe Art and Science of Benefit Sharing in the Natural Resource Sector
okr.date.disclosure2016-06-22
okr.date.doiregistration2025-05-05T11:47:00.517011Z
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/2016/06/26514200/art-science-benefit-sharing-natural-resource-sector-discussion-paper
okr.guid376881468184783188
okr.identifier.externaldocumentum090224b0843f0096_1_0
okr.identifier.internaldocumentum26514200
okr.identifier.report106065
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/06/22/090224b0843f0096/1_0/Rendered/PDF/The0art0and0sc0r000discussion0paper.pdfen
okr.topicEnvironment::Environmental Economics & Policies
okr.topicEnergy::Energy and Natural Resources
okr.topicEnvironment::Natural Resources Management
okr.topicRural Development::Natural Resources Management and Rural Issues
okr.unitStrategy & Finance-Global Infra. (CNGSF)
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