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Dire need to manage and account for natural resources in developing countries: Global Development Network

GDN is a public international organisation that promotes social science research in developing and transition countries.

twitter-logoSarika Malhotra | June 10, 2015 | Updated 20:17 IST

The Global Development Network's (GDN) Natural Resource Management-Natural Wealth Accounting workshop review was held on Wednesday in Casablanca, Morocco to address and contextualise the challenges of natural resource management and accounting.

GDN is a public international organisation that promotes social science research in developing and transition countries. Created within the World Bank in 1991, GDN became independent in 2001 and was transformed into a public international organisation in 2005. Since 1991, GDN has supported more than 3,800 researchers from 132 countries.  

Participants acknowledged that the difficulty to manage and account for natural resources in developing countries could create a situation of fast deterioration and depletion that can undermine the future growth of these developing countries.

In order to deal with the challenge, it was advocated to bridge the gap of deep local knowledge and better data in the field of natural capital accounting.

It was agreed upon that the objective of the developing countries should be to bring the debate about the use of policy relevant conclusions and indicators at the forefront, complement the current initiatives about the new methods to measure economic activities especially the ones regarding the valuation of eco system services; understand the system of national accounting and how environmental statistics can fit into that framework.   

Broadly, three themes of discussion and review were undertaken: Sustainable management of coastal tourism in Morocco, which discussed a scenario of ecosystem services-especially coastal protection-and the corresponding loss in economic benefits to select tourist beaches in Morocco if current practices continue.

It also discussed governance and economic accounting issues in Mauritian water sector and the proposition of methodologies to implement a natural wealth national inventory in Madagsacar.

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