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Extractive Industries and Sustainable Development : An Evaluation of World Bank Group Experience

Author

Listed:
  • Andrés Liebenthal
  • Roland Michelitsch
  • Ethel Tarazona

Abstract

This evaluation finds that with its global mandate and experience, comprehensive country development focus, and overarching mission to fight poverty, the World Bank Group is well positioned to help countries overcome the policy, institutional, and technical challenges that prevent them from transforming resource endowments into sustainable benefits. Furthermore, the World Bank Group's achievements are many. On the whole, its extractive industries projects have produced positive economic and financial results, though compliance with its environmental and social safeguards remains a challenge. Its research has broadened and deepened understanding of the causes for the disappointing performance of resource-rich countries. Its guidelines for the mitigation of adverse environmental and social impacts have been widely used and appreciated. More recently, it has begun to address the challenge of country governance with a variety of instruments.

Suggested Citation

  • Andrés Liebenthal & Roland Michelitsch & Ethel Tarazona, 2005. "Extractive Industries and Sustainable Development : An Evaluation of World Bank Group Experience," World Bank Publications - Books, The World Bank Group, number 7368, December.
    • Handle: RePEc:wbk:wbpubs:7368
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    Citations

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    Cited by:

    1. Peck, Philip & Sinding, Knud, 2009. "Financial assurance and mine closure: Stakeholder expectations and effects on operating decisions," Resources Policy, Elsevier, vol. 34(4), pages 227-233, December.
    2. Ticci, Elisa & Escobal, Javier, 2015. "Extractive industries and local development in the Peruvian Highlands," Environment and Development Economics, Cambridge University Press, vol. 20(1), pages 101-126, February.
    3. Jolanta Poplawska & Ashraf Labib & Deborah M. Reed, 2017. "From vicious to virtuous circles: problem structuring for quantified decision making in operationalization of corporate social responsibility," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(3), pages 291-307, March.
    4. Andreucci, Diego & Kallis, Giorgos, 2017. "Governmentality, Development and the Violence of Natural Resource Extraction in Peru," Ecological Economics, Elsevier, vol. 134(C), pages 95-103.
    5. Harouna Kinda, 2021. "Does transparency pay ? The impact of EITI on tax revenues in resource-rich developing countries," Working Papers hal-03208955, HAL.
    6. Hevina S. Dashwood & Uwafiokun Idemudia & Bill Buenar Puplampu & Kernaghan Webb, 2022. "The Extractive Industries Transparency Initiative (EITI) and local institutions in Ghana’s mining communities: Challenges in understanding barriers to accountability," Development Policy Review, Overseas Development Institute, vol. 40(5), September.

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