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Extractive Industries Technical Advisory Facility

EI TAF logoExtractive industries are key components of many developing countries´ economies. When well-managed, solid mineral and hydrocarbon resources offer a real opportunity for such countries to achieve sustainable economic growth and reduce poverty. However, all too often, resource-rich, developing countries have suffered from weak institutions,poor legal frameworks, and insufficient local capacity, resulting in extractive industry resources not being managed with a view to long-term, positive impacts.

The Extractive Industries Technical Advisory Facility (EI-TAF) is a multi-donor trust fund managed by the Oil, Gas and Mining Policy and Operations Division of the World Bank. The EI-TAF facilitates advisory services to resource-rich, developing country governments for capacity building related to extractive industry contract negotiations and associated policy reforms/frameworks. The objective of the EI-TAF is to assist resource-rich, developing countries – on a demand-driven basis – to structure correctly extractive industry development projects and related policies, thereby reducing the risk of costly or politically difficult remediation at later stages.

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The EI-TAF facilitates real-time, advisory services, and capacity building for extractive industry resource policy frameworks and contract negotiations. EI-TAF also supports the production and dissemination of global knowledge products on extractive industry sector issues, to help address the lack of an integrated body of good practice for sound extractive industry sector governance and management.

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Partnerships will be critical to the success of the EI-TAF. Engagement will be at two levels: donor contributions, which make EI-TAF interventions possible; and operational partnerships globally and on the ground with bilateral and multilateral development partners and other stakeholders. The EI-TAF will also coordinate closely with the African Development Bank´s African Legal Support Facility, the IMF´s Topical Trust Fund on Managing Natural Resource Wealth, UNDP´s Africa Regional Project for Capacity Development for Negotiating and Regulating Investment Contracts, and the Norway/Revenue Watch Institute/ACET partnership in support of legal advisory services in Africa.

To date, EI-TAF has received contributions from the International Finance Corporation, Norway’s Oil for Development Program, and the World Bank.

 
EI-TAF 2010 Progress Report