The Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) welcomes the recent statement from the Foreign, Commonwealth and Development Office (FCDO) of the United Kingdom announcing its support for the Global Mining Tax Initiative (GMTI)—a distinct program offering of the IGF.
The GMTI helps IGF member governments realize financial benefits from mining through guidance publications, training and capacity building, and convening stakeholders for discussion and peer learning.
“Amid rising demand for critical minerals in the energy transition, it’s especially important that countries fully benefit from mining,” said Alexandra Readhead, Lead, Tax and Extractives, IGF. “This funding enables us to help equip resource-rich developing countries for success.”
The IGF’s taxation specialists have worked with partners, including the Organisation for Co-operation and Development and the African Tax Administration Forum, to have material impacts in several countries, including Guinea, Mongolia, and Senegal.
“Our goal is to offer IGF members the most comprehensive mining tax program globally, covering fiscal policy for the entire mining value chain, as well as our unique expertise on international tax challenges related to the global mining sector,” Readhead said.
The IGF supports more than 80 member countries in advancing their sustainable development goals through effective laws, policies, and regulations for the mining sector. We help governments take action to develop inclusive and gender-equitable practices, optimize financial benefits, support livelihoods, and safeguard the environment. The International Institute for Sustainable Development has hosted the IGF Secretariat since October 2015. Core funding is provided by the governments of Canada and the Netherlands.