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Video July 29, 2020

Maximizing the Benefits of Oil, Gas and Mining for Developing Countries

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.