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The Role of Parliaments in the Extractive Industries

Usman W. Chohan

5/5 ( ratings)

The World Bank Institute has prepared this book in order to elucidate precisely what role parliaments can play in channelling natural resources towards the greater good of nations. First, it will discuss the potential scope for parliamentary engagement in EI. Thereafter, it will present the parliamentary responsibilities in light of the extractive industries value chain, going step-by-step through the five phases of the chain and elaborating on the specific functions and degree of involvement within each link in the chain. The value chain will cover the entire extraction process: beginning with the decision to extract and parliamentary representation, followed by the duty to “get a good deal” through contract law and parliamentary legislative function, thereafter transitioning into publishing & analysis of payments and the oversight role of parliament. Finally, the value chain will cover management of revenues and conclude with a discussion on the sustainable investment of these revenues. As such,this book will follow a logical progression that mirrors the pattern of the natural resource extraction, and is constructed to aid in a firmer understanding of the preponderant themes in parliamentary oversight of the sector. This guidebook was prepared by Usman W. Chohan, consultant, Parliamentary Strengthening Program, Department of Social Accountability at the World Bank Institute .

Language: English

Pages: 94

Publisher: World Bank Institute

Release: May 10, 2022

The Role of Parliaments in the Extractive Industries

Usman W. Chohan

5/5 ( ratings)

The World Bank Institute has prepared this book in order to elucidate precisely what role parliaments can play in channelling natural resources towards the greater good of nations. First, it will discuss the potential scope for parliamentary engagement in EI. Thereafter, it will present the parliamentary responsibilities in light of the extractive industries value chain, going step-by-step through the five phases of the chain and elaborating on the specific functions and degree of involvement within each link in the chain. The value chain will cover the entire extraction process: beginning with the decision to extract and parliamentary representation, followed by the duty to “get a good deal” through contract law and parliamentary legislative function, thereafter transitioning into publishing & analysis of payments and the oversight role of parliament. Finally, the value chain will cover management of revenues and conclude with a discussion on the sustainable investment of these revenues. As such,this book will follow a logical progression that mirrors the pattern of the natural resource extraction, and is constructed to aid in a firmer understanding of the preponderant themes in parliamentary oversight of the sector. This guidebook was prepared by Usman W. Chohan, consultant, Parliamentary Strengthening Program, Department of Social Accountability at the World Bank Institute .

Language: English

Pages: 94

Publisher: World Bank Institute

Release: May 10, 2022

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