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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July 28, 2014 — West Africa supplies nine percent of the world’s bauxite, eight percent of its gold, and hosts some of the world’s largest iron ore deposits. These resources could underpin diversified economic development, transforming the prospects of Western African nations. Read More »
July 14, 2014 — Myanmar is officially recognized as a Candidate of the Extractive Industry Transparency Initiative (EITI). Myanmar President Thein Sein, recently said “we want to use the EITI to ensure that resources are developed and managed in a transparent manner for the sustainable benefit of our people.” 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.