September 1995, Natural Resources and Sustainable Development (NRSD)
The countries of the Latin America and Caribbean (LAC) region are liberalizing their economies to encourage domestic growth and attract foreign investment. To be successful, this process requires parallel reforms in the civil service, national institutions, and the legal and fiscal frameworks of each of the countries concerned. As part of their overall economic reform efforts several countries have taken initiatives to modernize their mining sectors. The World Bank has provided support to several countries reforming their mining sectors and has provided loans and technical assistance credits to five countries in LAC namely, Argentina, Bolivia, Ecuador, Mexico and Peru for reforms including the modernization of mining legal and investment regimes along the lines outlined in the boxes below .
