Natural resources are important asset for low-income countries. According to World Bank, close to one-third of the wealth of low-income countries comes from their natural capital which includes forests, protected areas, agricultural lands, energy and minerals. What makes different between developing countries and developed countries lies in where their wealth is based.

Most countries have experience a dependence on natural capital. However, not all of them are succeed in managing the natural assets for the long term as well as re-investing in human and social capital. Countries also need to build strong institutions and systems of governance. (more…)