CANEF - Evaluating and Improving Fiscal Regime Design in the Extractives Sector in Latin America and the Caribbean

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The goal of the project is to evaluate existing fiscal regimes for mining and oil and gas in selected resource-rich countries in Latin America and the Caribbean (LAC), model the performance of alternative regimes on the sector's activity, and support the preparation of plans to strengthen resource governance. To achieve its objectives, the project will: (i) evaluate existing Extractive Industries (EI) fiscal regimes in LAC in terms of their efficiency, competitiveness, and revenue performance; (ii) assess the impact of the aforementioned fiscal regimes on the exploration and production of minerals and oil and gas; (iii) examine potential options for reform of existing fiscal regimes; (iv) model alternative regimes based on worldwide best practices in fiscal system design for the EIs; and (v) support country and regional-level strategic plans for strengthening the EIs.