1887

African Governance Report V - 2018

Natural Resource Governance and Domestic Revenue Mobilization for Structural Transformation

image of African Governance Report V - 2018

Exploitation of natural resources has dominated economic activity in Africa but the benefits have accrued only to a privileged few. The continent’s most common strategy of exporting commodities in their raw (non-valued added) form has led to disappointing results, reflected in unsustainable and non-inclusive economic growth, marginal improvements in the well-being of the population, and low levels of economic diversification and transformation. This edition examines efforts to improve the governance of Africa’s abundant natural resources, emphasizing the need to strengthen natural resource governance institutions and frameworks to enhance domestic revenue, the promotion of economic diversification, and structural transformation.

English French

.

Renewing resource-based development planning

Planning is vital. Through it, governments set long-term goals, prioritize policies and resource allocation, build national consensus for development, set strategies for diversification and links, craft industrial policies and align the objectives of public investment and economic transformation. Countries that take planning seriously, such as Ethiopia and Rwanda, are often more successful than others in pursuing transformational development.

English French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error