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Maximizing the Benefits of Oil, Gas and Mining for Developing Countries
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The World Bank`s Extractives Global Programmatic Support (EGPS) is a multi-donor trust fund that supports resource-dependent developing countries to build extractives sectors that drive inclusive, sustainable growth and development and ultimately, poverty reduction. Visit: https://www.worldbank.org/en/programs/egps 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. EGPS supports the poorest countries and those facing fragility, conflict and violence to implement a range of holistic reforms that address these challenges. Still haven’t subscribed to World Bank YouTube? ► ► ► http://wrld.bg/x4SB50x47Lu Get more stories on development with our newsletter. Choose from different categories and select your preferred language: https://www.worldbank.org/en/newsletter-subscription ABOUT THE WORLD BANK GROUP The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. Website: http://www.worldbank.org Immersive Stories: https://www.worldbank.org/en/who-we-are/news/biggerpicture Events: http://live.worldbank.org Follow us on social media ► ► ► Facebook: http://www.facebook.com/worldbank Twitter: http://www.twitter.com/worldbank Instagram: http://www.instagram.com/worldbank LinkedIn: https://www.linkedin.com/company/the-world-bank
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132
lastUploadedDate
2020-07-28T14:41:12Z
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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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