Overview

For the natural resources and extractives sectors, corruption in management and governance is particularly challenging and difficult to mitigate. Untangling and assessing the many deals and transactions is often even more difficult and complicated, particularly in countries with weak regulatory governance systems, where transparency and integrity safeguards are lacking. License to Drill is a practical manual to identify good practice options for reducing corruption risks in the extractives sector. Although there are many points in the extractives value-chain where corruption can emerge, the manual focuses on the licensing process because the decisions made at this early stage are among the most critical. License to Drill outlines methods to improve integrity in the licensing process - both to improve transparency and maximize the quality of entrants. For example, before licenses are granted or renewed, the manual stresses the critical importance of knowing the potential recipient(s). When valuable licenses fall into the hands of those who do not act responsibly, the repercussions and impacts on communities and the sector in general can be seriously damaging. As the manual explains, an effective and transparent licensing process can help filter out many such actors. The manual also offers effective, low-cost options for implementing integrity screening systems to assess potential licensees, thereby mitigating corruption risks.

Full Product Details

9781464812712

Table of Contents

Reviews

Author Information

The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.

Tab Content 6

Customer Reviews

Recent Reviews

Countries Available