Managing Mineral Wealth. Why Are “Mining Countries” Set to Perform Poorly, But Still Expand Their Mining Sectors?
hosted by Professor
Arntraud Hartmann
Monika Weber-Fahr
World Bank’s Global Water Department; Hertie School of Governance
Mining – the industrial activity at the heart of civilization – is experiencing a sustained boom, driven by the expansion of industrial sectors that depend on minerals and metals, including but not limited to the global energy transition. About half of the world's nations can be described as "mining dependent" (with more than 20% of fiscal income or exports, or more than 10% of GDP, driven by mining). About 1/3 of the mining-dependent countries are "extremely dependent" – with 30% or more of their GDP shaped by mining – and all of them are fragile states.
MONIKA WEBER-FAHR Dr. Monika Weber-Fahr is Adjunct Professor at the Hertie School of Governance in Berlin and advises international organisations, NGOs, businesses and governments on innovative approaches to network management, cooperation and result orientation.
Until 2020, Weber-Fahr served as CEO and Executive Secretary of the Global Water Partnership (GWP), following an assignment as COO at Sustainable Energy for All. For over 20 years she worked with the World Bank Group, including as Chief Knowledge Officer and as Director for Knowledge, Learning and Results. While with the International Finance Corporation (IFC), Weber-Fahr built and led the Global Business Line for Sustainable Business Advisory. She holds a PhD in economics (Trier/Warwick), a Diploma in International Relations (SAIS Bologna '91) and an MSc in economics (Warwick). Weber-Fahr serves as Chair of the Board of the International Social and Environmental Accreditation and Labelling Alliance (ISEAL) and is a member of the Board of the Austrian Development Bank (OeEB), the Vienna Climate Lab Advisory Council, the Deltares International Advisory Council, and the Global Council of the Online Educa Berlin (OEB).
