ECDPM aims to facilitate efforts to reconcile economic interests in the extractive sectors with development objectives in order to foster inclusive and sustainable growth.
Extractive industry resources are increasingly important for the economies of a growing number of developing countries, particularly in Africa.
New discoveries of minerals, oil and gas are opening the prospect that domestic resources will further foster long-term, sustainable and equitable development opportunities in Africa.
Yet this potential is often held back by the political, economic and institutional governance challenges confronting resource-rich countries. Greater attention must be paid to the potential synergies among key stakeholders in the extractive industry along with governments, the private sector, local communities and development partners.
The new revenues generated by the extractive industry resources – if managed effectively – are expected are expected to significantly affect the potential of aid in some developing countries, changing the relationship with development partners.
ECDPM will promote and facilitate collective action at global, domestic and local level.
The Economic Transformation and Trade Programme will focus its research and engagement on the following areas: