Extractives Global Programmatic Support Umbrella Trust Fund 2015.2019

The objective of the World Banks Extractive Global Programmatic Support (EGPS) is to strengthen natural resource governance of resource.rich developing countries. The EGPS and the bilateral funding window support the implementation of the Extractive Industry Transparency Initiative (EITI) at country level. Extractive activities bring challenges and risks that are often connected with the weak institutional capacity of developing countries, inadequate governance, international price trends, undertakings of international extracting companies, 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 international cooperation.