International Monetary Fund, Managing Natural Resource Wealth

The objective of the Managing Natural Resource Wealth programme of the International Monetary Fund is to help low income and lower middle income resource-rich countries to better manage their natural resource wealth. Extractive activities bring challenges and risks that are often connected with the weak institutional capacity of developing countries, inadequate governance, international price trends, a high dependency on revenues from resource extraction, etc. The resulting link between resource extraction and the negative impact on a country as a whole is often referred to as the resource curse. The resource curse is a highly relevant phenomenon in priority countries of Switzerland's development cooperation.