Tag Archives: Extractive Industries Transparency Initiative
Extractive Industries Transparency Initiative: Latest News
D.A. Barber, 6:36 am AFKI Original
While the current natural resource and infrastructure boom in Eastern Africa will contribute to different degrees of economic growth for individual governments, its impact on leveling out economic opportunities will depend on mature natural resource revenue governance that ensures accountability and transparency. The oil and gas boom in one of the world’s poorest regions of the world promises to free East African governments from their dependence on foreign aid once the natural resource revenues start to flow. But natural resources have been literally a “resource curse” for many countries in the past, resulting is little if any economic growth and development.
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