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Webinar | Maximizing Mining Revenues for Sustainable Development in the 21st Century

Webinar | Maximizing Mining Revenues for Sustainable Development in the 21st Century

Event Details

Date:

April 14, 2021

Venue:

Virtual

Resources:

The transition to a low-carbon economy means society must diversify away from fossil fuels to green energy technologies that depend on minerals and metals. This is a unique opportunity for resource-rich developing countries to reimagine domestic resource mobilization for sustainable development. Mining has at times failed to deliver expected government revenues due to weak enforcement of tax laws by governments, aggressive tax planning by investors, and overly generous tax incentives. Without fundamental changes, the coming mining boom is unlikely to achieve its full potential to fund important government priorities including the Sustainable Development Goals. The time is right for policy-makers to improve their country’s mining fiscal regimes or consider alternative options for maximizing returns on mineral wealth.

This webinar brought together governments of resource-rich developing countries, civil society, and international organizations to take stock of the current system of mining taxation and the reforms needed to ensure mining can contribute fully to financing the Sustainable Development Goals.

Speakers

  • Zayabal Batjargal, Commissioner, General Department of Taxation. Mongolia
  • Ana Carolina Gonzalez Espinosa, Senior Program Officer, Andean Region, Natural Resources and Climate Change, Ford Foundation
  • Abdoulaye Magassouba, Minister of Mines and Geology, Republic of Guinea
  • Logan Wort, Executive Secretary, African Tax Administration Forum

Referenced Resources

This event was co-organized by the African Tax Administration Forum (ATAF) and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development. It was an official side event of the 2021 United Nations Economic and Social Council (ECOSOC) Forum on Financing for Development.