Roundtable
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Paulo de Sa
Former Practice Manager, Extractive Industries Unit
the World Bank

Centralized mechanisms for fund distributions are very difficult to implement as it is hard to please everyone. We support these initiatives but we have seen that using them adequately is not an easy task. The funds need to be used in a very transparent manner and authorities need to make sure that they are investing in projects that support the wellbeing of communities. Peru, for instance, transfers 50 percent of the revenues it receives from the mining industry to surrounding communities but the government was not properly overseeing its use. This meant that municipal leaders were investing in the wrong type of projects and cases of corruption arose. These initiatives are meant to eliminate conflict between authorities and communities but they can sometimes end up causing more problems than they were meant to solve.

Industry leaders, from operators to international inter-governmental institutions, share their perspective on how the Mining Trust Fund can be better…
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Paulo de Sa
Former Practice Manager, Extractive Industries Unit
World Bank
The World Bank Group is formed of five institutions working for sustainable solutions that reduce poverty in developing countries. I
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