EA Dialogue Series
True, Huston. Got any ideas yourself?
Kenya could strike significant quantities of oil in the most marginalized counties, where over 50-80 percent of the population lives below the poverty line. For these hitherto marginalized counties, the discovery of oil is perceived as the definitive signal that the long shadow of poverty is finally passing. However, analysis of the experience of Africa’s resource rich countries reveals that oil wealth does not translate, inevitably, into socio-economic prosperity in a majority of developing countries.
The Natural Resource Governance dialogue will facilitate contextually relevant, evidence-based dialogue through roundtables to nurture and strengthen civic engagement, responsive and accountable governance in the extractive sector. Moreover, we hope that the research and evidence-led public engagement could provide a basis understanding and addressing the barriers to impact investing and inclusive growth in socio-economically depressed but resource-rich areas.
We believe that this dialogue will contribute to the body of reliable evidence to enable stakeholders to appreciate fully the risk of a resource curse and work earnestly to enact responsive legislation and build the necessary governance institutions, including strong civil society, to avert the resource curse.