ISID releases its report on public-private partnerships in resource extraction industries
The marked growth of the resource extraction industry poses new opportunities and challenges for development. While natural resources have the potential to make a significant contribution to economic development, they also have the potential to spark conflicts. Private companies engaged in resource extraction face increasing pressures to devise policies for community engagement that more effectively promote local development. It is increasingly recognized that companies, and the broader development community, need to move beyond CSR as a guiding concept. Public-Private Partnerships (PPPs) for sustainable development may be one way in which this can be done. This conference addressed the challenges and opportunities associated with the increasing use of PPPs as a model for sustainable development in the resource extraction sector.