Revenue Watch Leads Panel on Financial Crisis During IMF-World Bank Meetings

	Panelists (l. to r.) Rabah Arezki, Brian Pinto, Karin Lissakers and Ernest Aryeetey. Hear full audio from this event ...

On Sunday, April 25, the Revenue Watch Institute presented a dynamic policy discussion on lessons learned from the global financial crisis and the steps that local and international actors can take to insulate resource rich economies from future shocks and ensure the long-term benefits of extractive activity. 

Panelists from the World Bank, the IMF Institute and the Brookings Institution joined Revenue Watch Director Karin Lissakers and audience participants in a discussion based on the new Revenue Watch Institute policy series Boom, Bust and Better Policy.

More information about the event and links to the first three papers in the Boom, Bust series follow. An audio recording of Sunday's discussion will be posted this week.

Boom, Bust and Hard Lessons for Extractive Sector Management
Sunday, April 25, 2010
World Bank Main Complex, Washington, D.C.

Moderator:
Brian Pinto, Adviser to the Managing Director, The World Bank

Panelists:
Rabah Arezki, International Monetary Fund 
Ernest Aryeetey, Director, Africa Growth Initiative, Brookings Institution
Karin Lissakers, Revenue Watch Institute

About this Event:

Governments highly dependent on oil and mining revenues are still reeling from the global crisis and the commodities price bust that accompanied it.  Though commodity markets began to rebound over the course of 2009, the destabilizing impact in many resource rich countries laid bare challenges of policy, structure and practice in the management of revenues from the volatile extractive sector. 

During the Civil Society Policy Forum of the IMF-World Bank 2010 spring meetings, experts from resource rich countries will discuss strategies used during the crisis and analysts will unveil the results of a new Revenue Watch policy paper series examining the impact of the downturn and the tools that have shaped countries’ varying degrees of resilience.

Revenue Watch's series Boom, Bust and Better Policy examines the economic, social and geo-political impacts of the financial crisis and provides concrete recommendations for the current climate and future boom/bust cycles. 

Audio

Click below to hear full audio from this event. (85 minutes) Please note that the audio quality is slightly lower during the Q&A portion of the discussion.

LEARN MORE

• RWI Warns Developing Economies, "Don't Depend on Oil Alone"
• Advocacy Knocks: Transparency Reform Opportunities 
  Post-Financial Crisis (pdf)
• Broken Boom: The Impact of the Economic Downturn on 
  Resource-dependent Countries  (pdf)
• Fool's Gold: Assessing the Performance of Alternative 
  Fiscal Instruments During the Commodities Boom and the 
  Global Crisis  (pdf)