Minerals, metals, natural gas and oil have the potential to drive economic growth and contribute to poverty reduction. However, natural resource wealth does not always translate into sustainable development. Resource-rich developing countries face a range of challenges such as corruption, a complexity of reforms, economic dependence, adverse social and environmental impacts and gender inequality. The World Bank`s Extractives Global Programmatic Support (EGPS) multi-donor trust fund supports resource-dependent developing countries in the governance of their oil, gas and mineral resources so they are used sustainably and transparently to reduce poverty and boost sustainable economic growth.
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