About 3.5 billion people live in countries rich in oil, gas or minerals. With good governance and transparent management, the revenues from extractive industries can have a transformational impact on reducing poverty and boosting shared prosperity, while respecting community needs and the environment.
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April 21, 2015 — African countries can sustain their economic growth despite the end of a long commodities super cycle with steadily shrinking revenues for the continent’s major producers of oil, gold and natural gas, experts say.Read More »
April 17, 2015 — Routine flaring of gas at oil fields around the world wastes resources and impacts the climate. The World Bank Group's President and UN Secretary-General launch an unprecedented effort to end routine gas flaring.Read More »
Mineral revenues must tangibly benefit the people in resource-rich countries to reduce and eliminate conflict. Increasingly, there is the need to look at extractive industries through the lens of conflict prevention.