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In previous blog posts, I wrote about the revenues that are likely to materialise from new projects coming online in West Africa; the macroeconomic choices to ensure that these revenues do not have negative macroeconomic impacts and are enjoyed by future generations; and how those revenues can help to bridge the funding gap in health and education.
Turning extractive resources (mining, oil and gas) into development outcomes has proven to be a challenge for African governments and developing countries in general. The channels linking minerals in the ground with higher living standards are complex. This article sets out some thoughts that the authors would like to share and also, initiatives taken by the African Development Bank and the Collaborative African Budget Reform Initiative (CABRI) to help African governments on the issue.