 Members login Subscribe  Q&A-Charter aims to improve decisions
on resource exploitation  Source: Thomson Reuters Foundation -
Thu, 7 Oct 2010 05:39 PM cor-gov hum-aid Tweet Recommend Google
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LONDON, Oct 7 (TrustLaw) - A few days before launching the
Natural Resource Charter at the annual meetings of the
International Monetary Fund and World Bank Group, Paul Collier,
a founding member of the Charter’s technical group and economics
professor at Oxford University, spoke to TrustLaw about the new
governance initiative.   The Charter is a set of economic
principles to help governments and societies better manage their
resources, such as oil or minerals. It contains 12 precepts that
encapsulate the choices they face, and suggests strategies that
increase the prospects of sustained economic development from
natural resource exploitation.   How did the idea for the
Charter originally form?  This was something that needed to be
done and has become more urg