Towards a New Shared Vision of the Extractive Industry

The main challenge of the extractive industry – which drives constant dialogue and search efforts for innovative and shared solutions – is to address the paradox in which it prospers: while it creates value and contributes to economic development, it is also a source of socio-environmental conflict. The successful completion of this challenge requires understanding and resolving the causes of this conflict and improving, expanding, and distributing the sector’s value to contribute more effectively to the sustainable development of Latin America and the Caribbean (LAC). In this spirit, the IDB promoted the creation of the Latin American Group for the Extractive Industry (GLASE).