The Latin America and Caribbean (LAC) region is the world's leading source of metals and its second most important source of oil. The nine main producers of oil, gas, and minerals in the region (e.g., Brazil, Bolivia, Chile, Colombia, Ecuador, Mexico, Peru, Trinidad and Tobago, and Venezuela) accounted for approximately 11 percent of the world's oil production, 5 percent of natural gas, 15 percent of gold, 46 percent of silver, and 40 percent of copper. In these countries, fuels and minerals make up approximately 60 percent of total exports, and revenues from the extractive sector provide for almost one third of total government income.
The Extractive Industries (EI) have been and continue to be economically important for the LAC region. However, many economic, social, institutional, and environmental challenges associated with the extractive industries prevent the LAC region from fully benefiting from the potential of the sector. The social and economic value captured through activities directly and indirectly related to the extractive industries remains suboptimal.
The dominance of extractive industries in many LAC economies often coexists with macro-economic instability, transparency demands from stakeholders, weak institutions, information asymmetries, and competing claims over the industries’ development impacts. The recent mineral and hydrocarbons upturn and downturn in LAC has reinforced these challenges and prompted demands from wide-ranging stakeholders to find solutions to more effectively leverage natural resource endowments in order to maximize social and economic benefits and minimize the negative impacts associated resource extraction.
Through the Canadian Facility for the Extractives Sector (CANEF), the IDB can support the promotion of innovative and sustainable solutions for challenges in the extractives sector in Latin America and the Caribbean (LAC) that contribute to social, environmental and economic sustainability. To this end, CANEF will support the generation of strategic regional public goods and the design and implementation of integrated activities in at least three different countries aimed at: (i) fostering long-term perspectives for sector development and responsible investment, and improve stakeholder collaboration and institutional strengthening; (ii) providing technical expertise and resources to tackle sector issues; (iii) facilitating knowledge and technology exchanges; (iv) strengthening regulatory frameworks and improving information management systems infrastructure.
As part of its commitment to generating regional public goods, CANEF seeks to support the design and implementation of effective fiscal systems in LAC as well as provide related sector data and knowledge in innovative and accessible ways. Revenues from the Extractive Industries have major implications for many governments in Latin America and the Caribbean. Dependence on natural resource rents in some countries in the region has increased over time and this trend seems likely to continue, even as many LAC countries experience economic and social volatility resulting from large swings in commodity prices. Maximizing and protecting the tax base of the extractive industries during upturns and downturns is an important priority for many LAC governments. The Bank is preparing a sub-project to evaluate EI fiscal regimes in LAC and model alternatives regimes based on worldwide best practices in fiscal system design. An associated need is to produce related data and knowledge products on oil and gas and minerals trade and investment in LAC.
The overall objective of the consultancy is to design, execute, and manage specific sub-projects produced by CANEF, which will support the generation of strategic regional public goods and integrated in-country activities for CANEF’s priority countries.
The IDB is seeking a contractual to constitute part of the CANEF Operations Team (OT) to (i) lead in the implementation of the Dominican Republic sub-project; (ii) lead in the design and implementation of the Mining and Sustainability sub-project; (iii) lead in the implementation of the Fiscal Systems sub-project; (iv) advise and assist in the design and implementation of the Gender and Extractives sub-project and gender mainstreaming in other, existing sub-projects; (iv) lead or advise and assist in any other in-country sub-projects as designated by the General Coordinator if and when demand arises.
The selected candidate will:
Characteristics of the Consultancy
Please be sure to indicate that you saw this position on Globaljobs.org