Today, many low-income countries and fragile and conflict-affected states are at a crossroads. Discoveries of oil, gas, and other minerals have raised hopes for a new start. The number of low- and middle-income countries making significant use of their resource wealth has risen more than 30 percent between 1996 and 2010 – up from 46 to 61 countries. According to the World Trade Organization, approximately one fifth of the world’s trade flow involves natural resources.
Early progress on finance for development (see separate post on finance here) is by no means the only area where an ‘early harvest’ on the post-2015 agenda will need to make progress. Five more areas of particular importance where progress could be made over the next 2-3 years are as follows.