Policy dialogue on extractive industry reform implementation gaps in Africa
Author(s)/Corporate Author (s)United Nations. Economic Commission for Africa;
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Extractive Industries (EI) encompass oil, gas and metals/minerals. Due to their geopolitical and economic significance, extractive industries are highly strategic for most African countries. EI’s historic impact on Africa’s geopolitical trajectory is indisputable. In addition, oil, gas and minerals are critical components of the primary sector in many African economies. Africa’s dependence on mineral exports invariably rose over the past decades, with mining accounting for 5-30 per cent of GDP. Similarly, oil, gas and minerals are important to Africa’s growth performance. Based on data covering 47 African countries, the African Development Bank determined that a 1% increase in commodity prices (for hard commodities - mined/extracted commodities such as oil and metals) would boost real GDP, in the short run, by 0.26 percentage points. Building on the imperative for structured dialogue to help narrow the implementation gap, this Policy Dialogue will explore factors impeding implementation and options for strengthening it. The underlying idea for this Policy Dialogue is to go beyond ‘stock knowledge’, in initiating a well-informed consultation on implementation gaps, which is rooted in political economy realities. Its goal is to foster collaboration towards narrowing implementation gaps in EI governance reforms, bridging asymmetries and key stakeholders’ interests.
Citation“United Nations. Economic Commission for Africa (2019-11). Policy dialogue on extractive industry reform implementation gaps in Africa. Addis Ababa. © UN.ECA. ”
- Industrialization