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Resources
The Art and Science of Benefit Sharing
Type: |
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Research publications |
Topic: |
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Cumulative social impacts |
Date submitted: |
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25/05/2015 |
Member: |
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Walquiria Felizardo |
The Art and Science of
Benefit Sharing in the
Natural Resource Sector, IFC, February 2015.
If developed and managed appropriately, a country’s
oil, gas, and mineral resources can make a major
contribution to economic development and poverty
alleviation. The revenues generated by the production of
oil, gas, and minerals can fund government programs and
transform natural assets into human, social, and physical
capital, helping to drive sustainable development and
long-term poverty reduction. The sector encompasses a
diverse group of stakeholders who have strong interests
in the decision to develop an oil, gas or mineral resource,
the timing, and how the development of the asset is
managed, including how the costs and benefits of natural
resource development1
are shared.
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