HomeBase MetalsDRC and IMF to co-host natural resources conference

DRC and IMF to co-host natural resources conference

Washington D.C., United States — 14 March 2012 – The government of the Democratic Republic of Congo (DRC) and the International Monetary Fund (IMF) will co-host a high-level conference on the “Management of Natural Resources in Sub-Saharan Africa”, here next week.     

The goal of the conference “’ which takes on March 21 and 22 “’ is to present the latest analysis and thinking on macroeconomic policies and the management of natural resource revenue, and to  elaborate on how this might affect the policy dialogue with Sub-Saharan African countries. It will also cover tax policy, administration, and regulatory frameworks conducive to good management of natural resources with particular focus on how to make them work in the context of weak institutional capacity, reports allAfrica.com.

The event will bring together policy makers, stakeholders, academics, and civil society from around the world. It will provide an opportunity to discuss the best ways to ensure effective management of the large flows generated by extractive industries such as mining within local institutional environments.

The conference is being made possible because of financial support from the government of the DRC, the United Kingdom’s Department for International Development, the IMF’s Central African Regional Technical Assistance Centre, and the Managing Natural Resource Wealth Topical Trust Fund, which is financed by the European Union, Norway, Australia, Switzerland, the Netherlands, Oman, and Kuwait.

Source: IMF, through all-Africa.com. For further details click here.