Asia-Pacific Regional Workshop explores how to raise revenues for sustainable development from resource extraction

Achieving the Sustainable Development Goals requires financing from all available sources. Resource-rich countries have an opportunity to raise significant public finances to support the Sustainable Development Goals from resource extraction. However, a key challenge facing many resource-rich countries is how to mobilize and effectively use volatile revenues from resource extraction, while addressing social and environmental externalities of mining activities. In some of these countries, the fiscal regime, governance structures and capacities affect the scale and use of revenues from the sector. The third regional workshop of the Green Fiscal Policy Network (UN Environment, International Monetary Fund and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ)), “Financing for the Sustainable Development Goals: The role of fiscal reforms, revenue management and sovereign wealth funds in the extractive sector”, explored how to raise and use revenues from the extractive sector to support the Sustainable Development Goals, while reducing some of the negative environmental and social impacts of mining activities. Attended by 50 participants, including representatives from Australia, China, Germany, India, Indonesia, Lao PDR, Malaysia, Mongolia, Myanmar, Norway, Nepal, Philippines, Thailand, Timor Leste, and Vietnam, the workshop was organized in collaboration with the UN Development Programme – UN Environment Poverty-Environment Initiative Asia-Pacific on 7-8 December 2016, in Bangkok, Thailand. For further details, please see:

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