Organized by the Economic Commission for Africa — Macroeconomic Policy Division

Background

1. The launch of the fifth edition of the African Governance Report (AGR-V), entitled Natural Resource Governance and Domestic Revenue Mobilization for Structural Transformation, will take place in Addis Ababa during the ECA Conference of African Ministers of Finance, Planning and Economic Development. AGR-V builds on the themes and recommendations of previous African Governance Reports, which place good economic governance at the centre of Africa’s structural transformation.
   
   
2. Africa is endowed with diverse natural resources, including land and water for agriculture, forests for wood and non-wood forest products, and minerals, oil and gas for mining. The direct exploitation of natural resources has dominated economic activity, with benefits accruing to a few. The continent’s most common strategy of exporting commodities in their raw (non-valued added) form has led to disappointing results. Weaknesses prevail despite efforts to enhance sustainable inclusive growth, improve people’s well-being, and diversify economies in a transformative manner. Observable poor development outcomes reflect enduring challenges in natural resources governance.
   
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