Background

Participating countries and stakeholders in the consultation process have collectively developed this Framework for Extractive Projects on Collaborative Strategies for In-Country Shared Value Creation to use extractives to build competitive and diversified economies Country Reviews on Shared Resource-based Value Creation are also used to assess the constraints and opportunities for in-country value creation and better integration of the extractive sector with the rest of the economy.  

A Compendium of Practices is being developed to provide further guidance for operationalising the Framework, inform improved policy making and support the implementation of the 2030 Agenda for Sustainable Development by showing how public-private collaboration can work in practice.

About the Framework 

This final version of this Framework for Extractive Projects on Collaborative Strategies for In-Country Shared Value Creation was endorsed on 29 February 2016 by participants in the Policy Dialogue on Natural Resource-based Development, following the integration of comments received at the Fifth Plenary Meeting, further revisions by the Drafting Committee in January 2016 and subsequent submission for final endorsement through the written procedure between 4 and 26 February 2016.

Through an open, inclusive and constructive dialogue, common ground emerged on how governments, industry, and civil society can work together to create shared value and local development from extractive projects. The Framework offers concrete options for action based on real experience and available knowledge for harnessing non-renewable natural resources to build competitive, diversified and sustainable economies through public-private collaboration. The Framework can further be used to leverage public-private partnerships to support the implementation of the SDGs, including through the development of a Compendium of Practices to show concrete examples of how public-private collaboration can work in practice.

The ultimate success of the Framework will now depend on its wide uptake and actual use by key stakeholders and participants in the Dialogue. In this regard, participants in the Dialogue have agreed to seize every suitable opportunity to raise awareness, promote and pilot this tool starting with two promising avenues:

• The first is the development of an accompanying Compendium of Practices, that will serve to illustrate with concrete examples what has worked and not worked at each step in the design and implementation of collaborative strategies for in-country shared value creation. Governments, donors, industry, civil society and partner organisations are invited to share experiences and concrete examples. The Compendium is meant to provide further guidance for operationalising the Framework, inform any necessary future revisions and adjustments, and support the implementation of the 2030 Sustainable Development Agenda by showing how public-private collaboration can work in practice.

• The second is to direct collective efforts into action at a country level by using the Framework as a blueprint to develop strategies on shared value creation to use natural resources to achieve SDGs, and as a means to align existing initiatives and guidelines across government and industry. The Framework will support the development of Country Mining Visions in collaboration with the African Union and partner institutions.
  
  
  

Framework's Workstream

Work Stream 1 - Shared Value Creation and Local Development
Co-chairs: Liberia and Norway

Under Work Stream 1, the Policy Dialogue process led to the development of the Framework for Extractive Projects on Collaborative Strategies for In-Country Shared Value Creation with the objective of articulating the sequencing of steps and actions needed to assist with the formulation and implementation of collaborative strategies to building diversified and competitive economies and promoting sustainable long-term in-country shared value creation. The Framework was developed by a Drafting Committee composed of representatives from governments, the extractive industry and the civil society. The Framework was endorsed by participants in the Policy Dialogue in February 2016 and published in June 2016. The Framework answers two basic questions: (i) what can governments and industry do to maximise benefits from extractives? (ii) is there a model for shaping constructive and win-win public private collaborations? The Framework provides operational guidance on how host governments and extractives industries can work together in a structured and systematic way to design a sustainable development trajectory that outlast non-renewable resource extraction. It covers four value dimensions: employment, procurement of goods and services, shared use of infrastructure (power, water, transport) and innovation. It also clearly articulates roles and responsibilities to improve collaboration and achieve mutually beneficial outcomes.

NEXT STEPS:

1. Support the development of Strategies on In-Country Value Creation in order to assess the constraints and opportunities as well as the potential for knock-on effects along the value chain of extractives and their improved integration with the rest of the economy. This in-country OECD and non-OECD collaborative analysis (at regional, national or sub-national level) involving Knowledge Peers will feed into the comparative analysis of country practices.

2. Develop a Compendium of Practices to show concrete examples of how public-private collaboration can work in practice and be leveraged to advance the 2030 Agenda for Sustainable Development and support in particular the achievement of Sustainable Development Goals 8 (Promote inclusive and sustainable economic growth, employment and decent work for all) and 9 (Build resilient infrastructure, promote sustainable industrialization and foster innovation), and contribute to Goals 6 (Ensure access to water and sanitation for all) and 7 (Ensure access to affordable, reliable, sustainable and modern energy for all). The Compendium of Practices will take the form of an on-line living tool. The Compendium will foster cross-fertilisation of practices, mutual learning, and inform any necessary future revisions and adjustments of the Framework.
   
   

Timeline

Find out more

Policy Dialogue on Natural Resource-based Development (PD-NR)