Local Economic Impacts of Resource Extraction in Africa: Communities Capturing Value
Punam Chuhan-Pole, Lead Economist Africa Region, World Bank
Andrew Dabalen, Lead Economist Africa Region, World Bank
Discussant: John Mulligan, Director, Communications, World Gold Council
Chair: Gita Honwana Welch, Associate Fellow, Africa Programme, Chatham House
Mineral resource extraction has been a central driver of growth in Africa over the past decade. High commodity demand has benefited many countries on the continent, but these benefits are not always captured at a local level. New research by the World Bank highlights the importance of building institutional capacity and developing efficient fiscal mechanisms to ensure that mineral extraction positively impacts local communities.
At this meeting Punam Chuhan-Pole and Andrew Dabalen, co-authors of the World Bank reports The Local Economic Impacts of Resource Abundance: What Have We Learned? and The Local Socioeconomic Effects of Gold Mining: Evidence From Ghana, will discuss the impact of resource abundance in sub-Saharan Africa.