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The World Bank Group initiated a wide consultation and research process to review the role of the Bank’s in the extractive sector. The conclusions and recommendations are published in a Final Report called “Striking a Better Balance”:

According to the report, three conditions are to be implemented to allow extractive industries to contribute to the poverty reduction and sustainable development of a country:

  • A pro-poor public and corporate governance, including proactive planning and management to maximize poverty alleviation through sustainable development;
  • Much more effective social and environmental policies;
  • Respect for human rights.

To achieve better governance, it requires:

  • Companies to engage in consent processes with communities and groups directly affected by projects in order to obtain their free prior and informed consent;
  • Revenue sharing with local communities;
  • The use of poverty indicators that are monitored systematically;
  • The incorporation of public health components in all extractive industry projects;
  • NGOs to build the capacities of affected communities;
  • The settling up of independent grievance mechanisms.

To read an abstract of the report and the World Bank’s Management Response, please visit this page.

Striking a better balance: the Extractive Industries Review

Click on the pictures below to open the various parts of the report.

Volume I Volume II

WB and IE Striking the balance Vol1 WB and IE Striking the balance Vol2


Volume III Volume IV

WB and IE Striking the balance Vol3 WB and IE Striking the balance Vol4


Volume V Volume VI

WB and IE Striking the balance Vol5 WB and IE Striking the balance Vol6