Good Practices in Mineral Resource Management
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This report reviews the policies adopted for the management of mineral revenues in resource rich countries in Latin America and the Caribbean with the aim of distilling good practices that could be adopted by governments in the Region. It analyses the three building blocks of a mining policy: (i) a clear legal and regulatory framework, including transparent and non-discretionary procedures in the allocation of mining rights; (ii) robust institutions, not only in the mining sector, but also in other related areas; and (iii) a tax regime that attracts investments into the sector and generates a sustainable flow of revenues over the long term. The report calls for the development of a shared vision between the mining industry and other stakeholders to enhance sustainability and harness its contribution to economic development.