Latin America: The Pendulum Swings to the Right James Petrasthe recent election of Lenin Moreno of PAIS Alliance. In both cases the groundwork was established via accommodations with oligarchs of the traditional right parties. The previous centerleft regimes of Ecuadorean President Rafael Correa and Uruguayan President Jose Mujica succeeded in pushing for public investments and social reforms.
Amendments to PNG Mining Act and Oil and Gas ActIn brief. On 10 June 2020, the Parliament of PNG passed the Mining (Amendment) Bill 2020 (the Mining Amendments) and the Oil and Gas (Amendment) Bill 2020 ( the OG Amendments ). The Bills amend the Mining Act 1992 and the Oil and Gas Act 1998 respectively. The amendments will become operative upon certifiion by the Speaker of Parliament.
State Weakness and Transnational Power: Explaining the Crisis in ... · Venezuela, once one of the more prosperous and democratic nations in Latin America, is currently experiencing the region's most severe political and economic crisis. This article focuses on the Venezuelan state during the crisis, and how its exercise of "despotic" capacity made it a repressive actor in relation to its citizens, and a weak actor in relation to .
First Quantum board signs off development of ... · The government's commitment to improve the predictability of the mining fiscal regime also provides the certainty needed to support large capital investments in Zambia. "Furthermore, First Quantum and the government have successfully resolved all points of contention that have been stumbling blocks to progress on the S3 Expansion and Enterprise .
Fiscal Systems for Hydrocarbonspetroleum fiscal systems around the world and attempts to outline desirable features for designing a fiscal regime for the management of a country's petroleum endowment. Chapters 2 and 3 provide background material on, respectively, the stages of an oil and gas project and the type of legal arrangements normally used in the petroleum sector. The
Economy of GuatemalaSince then Guatemala has pursued important reforms and macroeconomic stabilization. [20] On 1 July 2006, the Central American Free Trade Agreement (CAFTA) entered into force between the United States and Guatemala. It has since spurred increased investment in the export sector. [21]
Statements of Fiscal Policy as required under the Fiscal .Model, and Rs 3 lakh crore for ReformBased ResultLinked Power Distribution Scheme. Several other reforms were initiated for Public Sector Banks that focussed on techenabled, simplified, and collaborative banking. Government also initiated nine structural reforms, five procedural reforms plus relief measures for the Telecom Service Providers.
The Business of Agriculture and Fiscal Prudence: The . · recent developments will merely serve to accelerate this process as we see with regard to the karnataka land reform act, which will make it easier for business to purchase agricultural land (resulting in increased landlessness and urban migration) and the undermining of the agricultural produce market committees (mandis), part of an ongoing .
Reform of the EU emissions trading scheme · In recent years, the economic crisis has contributed to a drop in emissions and lowered the demand for emission allowances. Along with other possible factors, this has led to a decrease in the carbon price and the accumulation of a large surplus of allowances in the system, risking to prevent the EU ETS from providing the incentive to reduce emissions in a cost .
Domestiion of international norms for sustainable resource ... · still, in a context of a rising number of conflicts, government has in recent years introduced several important reforms, such as prior consultation, participation in environmental impact assessments, and transference of mining revenues to subnational governments and created several new environmental institutions (arellanoyanguas, 2011; merino, .
Mining Laws and Regulations Report 2022 Philippines · Mining law in the Philippines is regulated by the State policies laid down under the 1987 Constitution mandating that the State owns all natural resources. The main mining legislation is the Philippine Mining Act of 1995, Republic Act (RA) No. 7942 (Mining Act) and its Implementing Rules and Regulations (IRR), Department of Environment and ...
75 Million Grant to Support Reforms and Mitigate Pandemic Impact . · 新浪微博. WASHINGTON, December 16, 2021 — The World Bank Board today approved an International Development Association (IDA)* grant of 75 million to improve natural resources governance, enhance inclusiveness and promote sustainability of development financing. This Development Policy Operation (DPO) is the first in a series of three ...
Mining Law Reform | Department of the Interior · For almost 150 years, the Mining Law has allowed for domestic mineral production on Federal lands. Initially, the Mining Law provided disposal authority with no return to the taxpayer for development of nearly all mineral resources. In 1920, Congress enacted the Mineral Leasing Act (MLA), removing petroleum, natural gas and other hydrocarbons ...
The Challenges Facing Latin America after COVID, Part 1 · In fiscal terms, the money spent on the COVID19 response, and the associated debt incurred, will now force governments across the region to cut budgets, postponing investment and limiting their ability to advance development and respond to serious needs. Colombia's debt climbed by approximately 10% of gross domestic product (GDP) in 2020.
Guest column: Boom times a threat to traditional diversifiionMining and oil exports have grown sevenfold since 2003. At 37bn in 2011, they accounted for twothirds of exports. Traditional exports, such as agriculture and manufacturing, have also grown – but...
IMF Executive Board Concludes 2018 Article IV Consultation with Guatemala · IMF Executive Board Concludes 2018 Article IV Consultation with Guatemala. June 8, 2018. On May 25, 2018, the Executive ... Directors called for an integral fiscal reform encompassing better tax ... Directors encouraged the authorities to strengthen judicial effectiveness and reinforce the asset disclosure regime for public ...
Assessment of Tax Compliance Costs for Assesment of Tax .•During the tax reform process, time costs of tax compliance decreased by onethird and constituted about business days in 2016. This trend is observed across all types of taxpayers regardless of taxation regime or business size. •Time saving is observed at all stages of tax procedures. The Tax Code effectuated on January
COUNTRY PRIVATE SECTOR DIAGNOSTIC CREATING MARKETS .domestic or foreign investment. And although public sector finances were strengthened in 2016–17, the fiscal deficit deteriorated again in 2018–19. Government debt is very high at 99 percent of GDP (2019) and projected to rise significantly in 2020. Under those conditions, boosting the private sector's contributions to productivity is perhaps
Incentives and Investments: Evidence and Policy Impliions• Tax regime for mining. This paper concludes that investment incentives are generally unnecessary for the mining sector because mining activities are loion based and governments should collect the rents from such resources. But the tax regime for mining is highly specific and involves issues beyond the scope of this paper, such as
Fiscal Policy, Inequality, and the Ethnic Divide in Guatemala · The most recent comprehensive fiscal incidence study on Guatemala by Barreix et al. (2009), however, found a considerably smaller reduction in the Gini coefficient: just of .0053 points. This seems to indie that fiscal policy became more redistributive in .
The EU Emissions Trading Scheme (ETS) and its reform in brief · The Commission is proposing to cut emissions from the sector 61% by 2030. The proposed changes include a reduced upper limit for yearly emissions in the sector, revised rules for free allowances and the Market Stability Reserve, extension of the scheme to include maritime transport and the creation of a separate emissions trading system for buildings and road .
Mining Technology | Mining News and Views Updated DailyMining news and indepth feature articles on the latest mining company deals and projects covering trends in mineral exploration with up to date data on the most mined metal and mineral commodities
Insights on Incentives: Tax Competition in Miningcollection of files comparing the fiscal regimes of 104 mining projects across 21 countries. The database is the first largescale, systematic attempt to compile tax incentives used by developing country governments to attract mining investment. It is also the first public effort to bring together incentives granted in mining contracts.