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Anstey

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11
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2013-06-19
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2013-06-19
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1
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un-security-council

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  1. Their visit highlighted an idea we know well but still have a long way to go to put into practice, namely, that peace and development are inextricably intertwined and must go hand in hand. We are committed to further deepening our partnership with the United Nations system to support fragile countries in their quest for peace and sustainable development. We are committed to continuing to push the critical extractive industries agenda.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  2. For extractive industries, the tool could be transformational. To conclude, I would offer a word on the importance of partnerships. We should not shy away from the fact that translating natural resource wealth into investments that createjobs and lift people out ofpoverty is complex, with critical political dimensions. It requires close collaboration across partners and particularly with the United Nations system. Our commitment to enhancing that partnership, particularly in fragile and conflict- affected countries, was shown in the recent historic visit to the Great Lakes region by Secretary-General Ban Ki-moon, the World Bank Group President Jim Yong Kim and United Nations Special Envoy Mary Robinson. There, they saw first-hand how the drive for control over resource wealth can bring instability to an entire region.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  3. Finally, we have just announced the Open and Collaborative Private Sector Initiative. There is a range of tools involved in this initiative, but let me focus on just one. With our partners, we have launched the pilot of the Open Company Data Index. This new data index looks at the state of play of how countries enable transparency of information about registered corporations, but it goes further by aggregating open registry information. The tool generates open-source, transnational data sets. For instance, if one searches for a particular company on this website, one can see not only corporate registration information for that company, but also - and this, we believe, is revolutionary - generate a visual representation of the corporate network to which that company belongs and the registry information for all the companies in the network.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  4. Let me briefly outline where we at the World Bank are committed to doing more and three initiatives we announced this week. First, much progress has been made on revenue transparency, and the next challenge is to ensure transparency around contracts, licences and concessions and their beneficial owners. That is why we have just launched the Open Contracting Partnership to ensure effective disclosure and participation in all public contracting. That is particularly relevant for the extractive industries sectors. Secondly, we are working to create a trillion-dollar map ofAfrica to put these resources literally on the map. The map will address the lack of modern geological data and overall knowledge of mineral potential. That is one of the key barriers to improving the quality of resource deals in Africa.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  5. Transparency gives citizens the tools to hold their Governments to account. Transparency enables investigators to track the flow of funds. Transparency offers us a way to accelerate the transformation of underground and secret wealth into poverty eradication and shared prosperity done in the full sunlight of results and accountability. I want to commend the United Kingdom and the countries of the Group of Eight for putting tax and transparency at the centre of their agenda this week, and for the commitments made to increase transparency, address tax evasion and tackle illicit financial transfers. But much more can and should be done by all partners, and we will be looking to all forums available to support progress in this area.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  6. Our private-sector arm, the International Finance Corporation, and our risk insurance arm, the Multilateral Investment Guarantee Agency, support investment, engendering best practices in environmental and social standards and the transparency of payments to host Governments. We know much more needs to be done to ensure that resources are a blessing, not a curse. The Group ofEight Summit just concluded yesterday. As I emphasized on Saturday at the Trade, Tax and Transparency conference, hosted by the British Government in London, sunlight is not only the best disinfectant, as a United States Supreme Court Justice once said; sunlight can also be a critical accelerator for development. Transparency enables a level playing field, which is good for private-sector-led growth.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  7. Civil society organizations, parliamentarians and the media have a key role to play so as to enable better policy debates, better contractual negotiations and a better ability to enforce contracts and track contractual obligations. We are working with those groups in such countries as Afghanistan, Liberia and the Democratic Republic of the Congo. We recently also signed a memorandum of understanding with the World Wildlife Fund to ensure that African extractive industries pay greater attention to local communities. The role of the private sector is, of course, crucial.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  8. The new EITI standard has raised the bar on transparency - this is important and needed - requiring public disclosure of auction results and licences. We are committed to supporting countries in meeting this new standard. We also know the importance of managing expenditures financed through natural resources, so we are helping countries to transparently manage the wealth from their natural resources, deal with issues of volatility, set up transparent savings regimes and strengthen the management of public finances and public contracts. We also need to pay attention to the environment and to the local communities directly affected by those investments. Such work needs to go beyond Governments.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  9. For the simple reason that there is no point in fixing the royalty-collection system if contracts are poorly negotiated or revenues are wasted. We know the importance of a level playing field to negotiate contracts and regulate industries, so that countries are not at a disadvantage in negotiating with the legions of lawyers employed by international companies. We are helping Governments to negotiate contracts through the new Extractive Industries Technical Assistance Facility and our new Africa Extractive Industries Facility. We know the importance of the proper collection of revenues. We support countries in implementing the Extractive Industries Transparency Initiative (EITI) in 40 countries.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  10. Two years later, the investor, who was given that license free of charge, sold 51 per cent ofthat investment at a price of $2.5 billion. Guinea's entire Government budget in 2010 was just $1.2 billion. Managed well, natural resources have the potential to transform countries and get them out of the cycle of violence and fragility and aid dependency. But managed poorly, unfairly or secretly, they can lead to a missed opportunity of tragic proportions. The World Bank Group is committed to helping fragile countries transparently and sustainably manage natural resources and ensure that the benefits are shared equitably. That ambition is in line with our goal to eradicate extreme poverty and promote shared prosperity. Importantly, we need to work with countries through the entire extractive industries value chain. Why?

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source

  11. Ms. Anstey: I thank you very much, Mr. President, for inviting me to discuss how the international community can support fragile countries reliant on natural resources. The issue is critical for fragile countries seeking to escape the ravages of war. As our research, the 2011 World Development Report on conflict, security and development, said, "slow-developing low-income economies largely dependent on natural resources are 10 times more likely than others to experience civil war". Natural resources have the potential to finance transformative development in fragile States. Take Guinea, for example. The Government recently reviewed mining contracts and identified a licence given free in 2008 for Simandou, the country's huge iron-ore mine.

    2013-06-19 · UN Security Council · Security Council, S/PV.6982 (2013) · source