EITI visit to the Newmont Mine in Ghana. © The EITI/flickr (CC BY-SA 2.0)

Breaking the resource curse through transparency

How is it possible for so many countries rich in valuable raw materials to be plagued by instability, poverty and famine? The phenomenon known as the “resource curse” explains why having an abundance of natural resources, such as oil, gas and minerals, may actually be a curse for some developing and emerging countries.

Multi-stakeholder group to implement the Extractive Industries Transparency Initiative (EITI)

Transparency summit in the run-up to German EITI candidacy

German federal cabinet decides in favour of candidacy in EITI international raw materials transparency initiative