POLICY DIALOGUE ON NATURAL RESOURCE-BASED DEVELOPMENT WORK STREAM 2: REVENUE SPENDING AND NATURAL RESOURCE FUNDS RESOURCE REVENUE EARMARKING: COMPARATIVE ANALYSIS AND LESSONS LEARNED Participants in the Policy Dialogue on Natural Resource-based Development agreed to undertake further analysis to investigate how to use natural resource revenues to support the implementation of the 2030 Agenda for Sustainable Development. This report was prepared by the OECD Development Centre and is submitted for discussion to support the thematic dialogue on earmarking practices under session 6 of the Eighth Plenary Meeting of the Policy Dialogue on Natural Resource-Based Development to be held on 16 June 2017 at the OECD in Paris. This report sets out taxonomy of earmarking mechanisms, and their specific relevance for linking extractive revenues and expenditures. It also provides in-depth analysis of their advantages and disadvantages; how such advantages and disadvantages have played out in practice in selected resource-rich countries and why they have decided to earmark resource revenues. Finally, this report draws lessons on earmarking practices, based on the experiences of selected resource-rich countries. THE OPINIONS EXPRESSED AND ARGUMENTS EMPLOYED IN THIS DOCUMENT ARE THE SOLE RESPONSIBILITY OF THE AUTHORS AND DO NOT NECESSARILY REFLECT THOSE OF THE OECD OR OF THE GOVERNMENTS OF ITS MEMBER COUNTRIES ©OECD (2017) Applications for permission to reproduce or translate all or part of this document should be sent to
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