Publication: Yemen - The Mineral Sector : Analysis of Potential and Governement Action Needed to Spur Development
Loading...
Date
2011-09
ISSN
Published
2011-09
Author(s)
Editor(s)
Abstract
Yemen's dependence on the oil sector as a source of economic growth is no longer sustainable given the rate at which oil reserves are being depleted. This study was conducted to assess the potential contribution of the mineral sector to sustainable growth and poverty alleviation in Yemen and to define the constraints that will need to be overcome if this potential is to be realized. In so doing it helps to define those areas of government action and donor support that will need to be sustained over the medium to long term. Finally, it will be important for the Government of Yemen to signal its intent and commitment to give to the mineral sector the type of support that will be required over the medium to long term in order to successfully harness the country's mineral potential and bring about wider economic benefits.
Link to Data Set
Citation
“Pugachevsky, Alexandra. 2011. Yemen - The Mineral Sector : Analysis of Potential and Governement Action Needed to Spur Development. MNA Knowledge Notes : Lessons from Analytic and Advisory Activities; No. 1. © World Bank. http://hdl.handle.net/10986/10866 License: CC BY 3.0 IGO.”
Associated URLs
Associated content
Other publications in this report series
Journal
Journal Volume
Journal Issue
Collections
Related items
Showing items related by metadata.
Publication Yemen - Mineral Sector Review(World Bank, 2009-06-01)Dependence on the oil sector as a source of economic growth is no longer sustainable given the rate at which oil reserves are being depleted. Yemen will come to rely on other sectors of the economy, some of which have potential but remain under-developed. The mineral sector is one of these. The third five year plan for development and poverty alleviation 2006-2010, identified the mineral sector as one of the key sources of future growth for the country, along with tourism and agriculture. This study was conducted to assess the potential contribution of the mineral sector to sustainable growth and poverty alleviation in Yemen and to define the constraints that will need to be overcome if this potential is to be realized. In so doing it helps to define those areas of government action and donor support that will need to be sustained over the medium to long term.Publication Malawi - Mineral Sector Review : Source of Economic Growth and Development(World Bank, 2009-07-01)This mineral sector review examines the mineral sector as a potential source of growth and development in Malawi. In seeking the World Bank's assistance the Government of Malawi was particularly interested in confirming the potential for mineral sector growth, identifying which constraints to the development of the sector need to be addressed by the Government and suggesting strategies to foster a positive contribution by the mineral sector to sustainable development and poverty reduction. This report is organized into four chapters. Chapter one examines the potential for mineral sector growth in the short, medium and long term and indicates the direct and indirect economic and development benefits that could result. The remaining chapters address constraints that could prevent the mineral sector's full potential from being realized, especially those that can be addressed by government action, focusing on the development of efficient and effective legal, regulatory and institutional arrangements for managing the mineral sector (chapter two); the design of robust mineral revenue generation and management regimes (chapter three); and the creation of sound arrangements for the environmental and social management of the mineral sector (chapter four). Each chapter concludes with a summary of the main findings and recommendations for action with an indicated timeframe.Publication Republic of Congo : Mining Sector Review(Washington, DC, 2012-10)The Republic of Congo covers an area of 342,000 square kilometers (km), of which forests occupy three-fifths, the rest being dominated by savannah. Oil has long been the principal resource of Congo. Since the first exploitations were launched in 1970, the oil sector has become the dominant economic activity and major source of income for the state. The growth rate in real terms was 8.8 percent in 2010, with gross domestic product (GDP) per capita reaching $4532. In 2010, GDP nearly reached two digit growths, driven up by a significant increase of oil production, by reinforcement of non-oil activities, in particular forest industry, construction and telecommunications. The Government made development of the mining sector a priority to diversify the economy. The present review of the mining sector, led by World Bank in partnership with the Ministry of Geology and Mining, aims to update and understand further these characterizations, to document the prospects and challenges of mining development and to prioritize actions that optimize the sector's contribution to economic diversification and sustainable development. This review of mining sector helped to characterize the issues of governance in following four areas: (1) promotion of geological heritage and mineral resources; (2) facilitating entry into production; (3) continuous improvement of the political, institutional, legal and regulatory framework; and (4) optimization of the sector's contribution to diversification. After this study, an action plan to improve the mining sector can be outlined.Publication Democratic Republic of Congo : Growth with Governance in the Mining Sector(Washington, DC, 2008-05)This study examines the mining sector's potential to contribute to economic growth with governance in the Democratic Republic of Congo. In the past, mining has been the main engine of the Congo economy. But the revenues and other benefit streams generated by the sector over the years have not been used in a wise or sustainable fashion, largely due to key problems with sector governance. During the past ten years of civil war and conflict, flagship industrial mining declined substantially, and informal and artisanal mining expanded significantly. Now that peace has returned to most of the country and a new democratically elected Government is in place, the potential for the mining sector to contribute to economic growth is excellent. However, achieving growth with governance depends on three principal internal and external factors. The first of these, international commodity prices, is largely out of the Government's control. The second factor, political stability, is clearly critical to growth of the sector; however, a detailed discussion of this factor is outside the scope of this study. The third factor, rent-seeking culture, is at the heart of the challenge that the Government must overcome to ensure sustained sector growth with good governance. The probable future decline and fluctuation of commodity prices has several implications for the mining sector in DRC. First, the amount of investment funding available for minerals exploration and investment falls or rises in tandem with the commodity prices. During the first quarter of 2008 there has already been a significant fall-off in the amount of funding for smaller companies in the international exchanges, due in part to the financial turbulence in the markets. This fall-off in investment funding could be exacerbated further by a significant downturn in commodities prices. Second, producing companies will generate lower revenues, and the government will have a consequent decline in fiscal receipts. Third, companies will face pressure to maximize their economies of scale, generally by increasing through-put in order to meet fixed costs. At the same time, because of lower sales revenues, companies will be forced to reduce operating costs, often by cutting staff and social services. Fourth, lower commodity prices will have a direct effect on the artisanal producers of mineral commodities, whose day-to-day dependence on the amounts earned in the mines renders them highly vulnerable to fluctuations.Publication Deforestation Trends in the Congo Basin : Mining(World Bank, Washington, DC, 2013-04)This report aims at providing stakeholders with a good analysis of the potential impacts of mining development on the Congo Basin forests. It is one of a series of outputs prepared during a two-year exercise to analyze and better understand the deforestation dynamics in the Basin. It presents the main findings of an analysis of the mining potential in the Congo Basin as well as the global trends in demand of minerals tries to identify ways to reconcile mining development and preservation of the Congo Basin forests. It is based on an in depth analysis of the sector. The report is structured as follows: first chapter gives an overview of the mineral wealth in the Congo Basin; second chapter analyses the prospects for mining development in the Congo Basin; Third chapter assesses the potential impact of mining developments on forests; and the last chapter tries to identify ways to reconcile mining development and preservation of the Congo Basin forests.
Users also downloaded
Showing related downloaded files
Publication World Development Report 2024(Washington, DC: World Bank, 2024-08-01)Middle-income countries are in a race against time. Many of them have done well since the 1990s to escape low-income levels and eradicate extreme poverty, leading to the perception that the last three decades have been great for development. But the ambition of the more than 100 economies with incomes per capita between US$1,100 and US$14,000 is to reach high-income status within the next generation. When assessed against this goal, their record is discouraging. Since the 1970s, income per capita in the median middle-income country has stagnated at less than a tenth of the US level. With aging populations, growing protectionism, and escalating pressures to speed up the energy transition, today’s middle-income economies face ever more daunting odds. To become advanced economies despite the growing headwinds, they will have to make miracles. Drawing on the development experience and advances in economic analysis since the 1950s, World Development Report 2024 identifies pathways for developing economies to avoid the “middle-income trap.” It points to the need for not one but two transitions for those at the middle-income level: the first from investment to infusion and the second from infusion to innovation. Governments in lower-middle-income countries must drop the habit of repeating the same investment-driven strategies and work instead to infuse modern technologies and successful business processes from around the world into their economies. This requires reshaping large swaths of those economies into globally competitive suppliers of goods and services. Upper-middle-income countries that have mastered infusion can accelerate the shift to innovation—not just borrowing ideas from the global frontiers of technology but also beginning to push the frontiers outward. This requires restructuring enterprise, work, and energy use once again, with an even greater emphasis on economic freedom, social mobility, and political contestability. Neither transition is automatic. The handful of economies that made speedy transitions from middle- to high-income status have encouraged enterprise by disciplining powerful incumbents, developed talent by rewarding merit, and capitalized on crises to alter policies and institutions that no longer suit the purposes they were once designed to serve. Today’s middle-income countries will have to do the same.Publication Global Economic Prospects, January 2025(Washington, DC: World Bank, 2025-01-16)Global growth is expected to hold steady at 2.7 percent in 2025-26. However, the global economy appears to be settling at a low growth rate that will be insufficient to foster sustained economic development—with the possibility of further headwinds from heightened policy uncertainty and adverse trade policy shifts, geopolitical tensions, persistent inflation, and climate-related natural disasters. Against this backdrop, emerging market and developing economies are set to enter the second quarter of the twenty-first century with per capita incomes on a trajectory that implies substantially slower catch-up toward advanced-economy living standards than they previously experienced. Without course corrections, most low-income countries are unlikely to graduate to middle-income status by the middle of the century. Policy action at both global and national levels is needed to foster a more favorable external environment, enhance macroeconomic stability, reduce structural constraints, address the effects of climate change, and thus accelerate long-term growth and development.Publication World Bank Annual Report 2024(Washington, DC: World Bank, 2024-10-25)This annual report, which covers the period from July 1, 2023, to June 30, 2024, has been prepared by the Executive Directors of both the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the respective bylaws of the two institutions. Ajay Banga, President of the World Bank Group and Chairman of the Board of Executive Directors, has submitted this report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors.Publication Business Ready 2024(Washington, DC: World Bank, 2024-10-03)Business Ready (B-READY) is a new World Bank Group corporate flagship report that evaluates the business and investment climate worldwide. It replaces and improves upon the Doing Business project. B-READY provides a comprehensive data set and description of the factors that strengthen the private sector, not only by advancing the interests of individual firms but also by elevating the interests of workers, consumers, potential new enterprises, and the natural environment. This 2024 report introduces a new analytical framework that benchmarks economies based on three pillars: Regulatory Framework, Public Services, and Operational Efficiency. The analysis centers on 10 topics essential for private sector development that correspond to various stages of the life cycle of a firm. The report also offers insights into three cross-cutting themes that are relevant for modern economies: digital adoption, environmental sustainability, and gender. B-READY draws on a robust data collection process that includes specially tailored expert questionnaires and firm-level surveys. The 2024 report, which covers 50 economies, serves as the first in a series that will expand in geographical coverage and refine its methodology over time, supporting reform advocacy, policy guidance, and further analysis and research.Publication Digital Opportunities in African Businesses(Washington, DC: World Bank, 2024-05-16)Adoption of digital technologies is widely acknowledged to boost productivity and employment, stimulate investment, and promote growth and development. Africa has already benefited from a rapid diffusion of information and communications technology, characterized by the widespread adoption of mobile phones. However, access to and use of digital technology among firms is uneven in the region, varying not just among countries but also within them. Consequently, African businesses may not be reaping the full potential benefits offered by ongoing improvements in digital infrastructure. Using rich datasets, “Digital Opportunities in African Businesses” offers a new understanding of the region’s incomplete digitalization—namely, shortfalls in the adoption and effective use of digital technology by firms to perform productive tasks. The research presented here also highlights the challenges in addressing incomplete digitalization, finding that the cost of machinery, equipment, and software, as well as the cost of connectivity to the internet, is significantly more expensive in Africa than elsewhere. “Digital Opportunities in African Businesses” outlines ways in which the private sector, with support from policy makers, international institutions, and regulators, can help bring down these costs, stimulating more widespread digitalization of the region’s firms, thereby boosting productivity and, by extension, economic development. This book will be relevant to anyone with an interest in furthering digitalization across Africa.