6.1 Institutional Structures
- 5.1 Policy Context
- 5.2 Sector Legislation: Design
- 5.3 Sector Legislation: Content
- 5.4 Contracts and Licenses
- 5.5 Local Content
- 5.6 The Award of Contracts and Licenses
- 5.7 Regulations
- 5.8 Contract Negotiations and Dispute Settlement
- 6.1 Institutional Structures
- 6.2 An Overview of the Key Governmental Bodies and Agencies
- 6.3 Focus on a Key Player: National Resource Companies
- 6.4 Key Institutional Issues
- 6.5 Efforts at Institutional Reform
- 7.1 Fiscal Objectives
- 7.2 Fiscal Instruments
- 7.3 Special Fiscal Topics and Provisions
- 7.4 Fiscal Packages
- 7.5 Fiscal Administration
- 8.1 Consumption
- 8.2 Investment
- 8.3 Spending Channels
- 8.4 Volatility Concerns
- 8.5 Absorptive Capacity
- 8.6 Debt Reduction
- 8.7 Resource Funds
- 8.8 Fiscal Discipline and Sustainability
- 8.9 Revenue Allocation
- 9.1 The Approach in the Source Book
- 9.2 What are the Challenges?
- 9.3 Investment
- 9.4 Expenditure Quality Control and Oversight
- 9.5 Objectives
- 9.6 Challenges and Special Issues
- 9.7 General Principles for Response
- 9.8 Policy Instruments
- 9.9 Management and Oversight
- 9.10 Stakeholder Consultation and Participation
- 9.11 Conclusions
Key institutions sharing responsibilities in EI sector management and its impact on the economy, environment and society comprise: the sector ministries; the ministries of finance and economic planning; the ministries of environment, labor, and social affairs; parliament; civil society organizations (CSOs); and industry.
The roles and responsibilities of different agencies need to be clearly defined, and enforced in practice. A corollary to careful definition of roles and responsibilities of the several agencies listed below is that roles and responsibilities be so defined as to avoid: (a) overlapping or conflicting roles; and (b) at the same time, responsibility or regulatory gaps. Close coordination among all listed agencies, while admittedly difficult to achieve, is essential to effective sector management.
For each of the listed agencies, institutional capacity commensurate with the technical complexities of the EI sectors deserves priority attention. More often than not, requisite capacity is lacking. Therefore, the roles and responsibilities of these several institutions are discussed and reviewed with a focus on capacity requirements. The petroleum and mining sectors are treated separately as there are some organizational differences between them.






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