Extractive industries have immense potential to drive growth, support sustainable development, and reduce poverty in developing countries. Yet, the actual contribution of extractive industries to sustainable development in countries rich in raw materials has often been mired by financial, economic, governance, social and environmental concerns. The COVID-19 (coronavirus) pandemic has caused an extraordinary socioeconomic worldwide crisis, resulting a contraction of world GDP, and the first increase in extreme poverty since 1998. The purpose of this policy brief is to capitalize on the opportunity provided by COVID-19 to build back better by identifying concrete recommendations for transforming the extractives sector into an engine for sustainable development, which can support a just transition to a netzero, circular, and inclusive global economy.

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  • Published online: 16 Jun 2021
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