Lifting the Resource Curse: How poor people can and should benefit from the revenues of extractive industries

For countries rich in minerals and hydrocarbons, natural resources should provide an essential source of financing for development. However, in many cases, exploitation of such resources is linked to poverty, inequality, poor public services, and stunted economic growth. This report analyses the main negative impacts on social, environmental, economic, and institutional conditions of a high dependence on extractive industries. It examines the often unfair distribution of profits between private companies and governments and the poor targeting of public spending in resource-rich countries.