Facing the Resource Curse: Norwayâ€™s Oil for Development Program
Norway’s Oil for Development (OfD), begun in 2005, is a comprehensive program addressing resource, financial and environmental dimensions with a focus on capacity development in the public sector but including larger sector governance concerns. The petroleum sector is increasing in importance world-wide: the number of producer countries is growing, including in poor states with weak governance systems, and prices remain high. The threat of the â€œoil curseâ€ where private companies and corrupt elites capture most of the benefits for themselves is posing global governance challenges, including to democracy and gender gains. OfD should have the â€œoil curseâ€ as its main concern, and build strategic alliances and its own program around this. Sector governance issues should have a societal and not just public sector focus. Country programs should maintain the three â€œpillarsâ€ of resource, revenue and environment but be more inclusive of aspects such as safety.