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    • #DemocracyMatters

    How information helps resource-rich nations benefit fully and fairly from extractives

    To fully benefit from the bounty of natural resources, resource-rich countries need to know exactly what they have and how finite the resources are, according to Extractive Industries Transparency Initiative Senior Adviser Jürgen Reitmaier. Find out more in this #DemocracyMatters video interview.

    By Lean Alfred Santos // 12 December 2014

    For resource-rich countries to fully benefit from the bounty of their natural resources through fair negotiations, they must know exactly what have and how long these resources will last, according to an extractives industry expert.

    This information allows policies to be adapted and integrated with the data to maximize revenues while making the benefits sustainable for the people through the establishment of future funds, Jürgen Reitmaier, Extractive Industries Transparency Initiative senior adviser, told Devex Associate Editor Richard Jones in this video interview on the sidelines of the Annual Democracy Forum 2014 in Gaborone, Botswana.

    Donors, he added, should be fully involved in the process for instance by helping set up geological surveys of countries for governments to negotiate from a position of strength.

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    About the author

    • Lean Alfred Santos

      Lean Alfred Santos@DevexLeanAS

      Lean Alfred Santos is a former Devex development reporter focusing on the development community in Asia-Pacific, including major players such as the Asian Development Bank and the Asian Infrastructure Investment Bank. He previously covered Philippine and international business and economic news, sports and politics.

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