Last year’s meeting in Cape Town was overshadowed by pessimism in the wake of tumbling commodity prices and organizers tried to boost morale by encouraging participants to look “beyond the cycle.” But this year the buzz word for multilaterals was sustainability.
Since 2013, the EITI Standard has “encouraged” public disclosure of contracts. And while it is difficult to attribute causality to policy change, since the release of the 2013 EITI Standard, nine new countries released contracts, and nine enacted laws that require contract disclosure.
Andrew Bauer, David Mihalyi, Dorjdari Namkhaijantsan
Last week, the Mongolian government announced a USD 5.5 billion bailout agreement with the International Monetary Fund (IMF) and partners the World Bank, the Asian Development Bank, and the governments of Japan and South Korea.
Almost one third of the 1,450 contracts on ResourceContracts, an online repository of publically available investment contracts, feature annotations that provide plain language summaries of each contract’s ke
It has been notoriously difficult for citizens in resource-rich countries to lay hands on extractive industry contracts and licenses between their governments and private sector extractive companies. But that seems to be changing.
Even before production—expected to commence around 2020 at the earliest—a report last Friday in New Vision Newspaper indicates Uganda has received about USD 693 million in oil revenues. Other sources put the figure as high as USD 750 million.
Wissem Heni, Anders Pedersen, Perrine Toledano, Charles Young
The country's Ministry of Industry, Energy, Mines and Renewable Energies collaborated with NRGI and the Columbia Center on Sustainable Investment to implement a ResourceContracts site, responding to civil society demand.
The creation of a land bank that would redistribute FARC-occupied territory as reparations to victims of Colombia’s decades-long armed conflict is an important component of the country’s peace accords.