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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:

  • Governance of extractive sectors and financial transparency
  • Country case studies on support to economic and institutional reforms for the development of the natural resources sector
  • Participating in global value chains and economic diversification
  • The role of the private sector in more sustainable and inclusive development outcomes
  • Working with the development community to stimulate “out of the box” thinking and adapt development strategies to the changing structures of new resource-rich countries
  • Setting up the Extractive Industries Development Forum (EIDF), initially with the Canada-EU Mining Council, to serve as a platform for private sector dialogue