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Do Mining Countries and Their Citizens Benefit From Their Natural Resources?

By March 13, 2011

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Here comes the first Annual Review of World Bank Group (WBG) activities in the Extractive Sector.

The "World Bank Extractive Industries Advisory Group was formed to help the Bank identify and promote good practices in the oil, gas, and mining extractive industries and to follow up on implementation of the agreed recommendations of the Extractive Industries Review", said the WB website.

The extractive sector holds significant potential for developing countries' economic development, and the World Bank Group strives to assure that host nations and their citizens benefit from their natural resources.

The report provides amazing facts and figures about the relationship between commodities price, fiscal return and economic development.

The full PDF report is available for download at this link.

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