Major enhancements of the global norms governing transparency in natural resources are afoot. Progress on these issues helps ensure that EITI remains relevant as a global standard for extractives transparency and reflects emerging best practices in implementing countries.
The draft law introduces risks to public money that did not previously exist. This blog post highlights five of the risks.
To find out more about the country’s experience in publishing contracts, NRGI Guinea country manager Hervé Lado spoke with Abdoulaye Magassouba, Guinea’s minister of mines and geology.
The index measures the quality of resource governance in 81 countries that together produce 82 percent of the world’s oil, 78 percent of its gas and a significant proportion of minerals, including 72 percent of all copper. It is the product of 89 country assessments (eight countries were assessed in two sectors), compiled by 150 researchers, using almost 10,000 supporting documents.
Publishing these contracts will create space for much-needed public scrutiny of deals that can be worth billions of dollars to the people of Nigeria. It also provides an important opportunity for the government and companies to build public trust in the petroleum industry.
The Charter is a set of principles for governments and societies on how to best harness the opportunities created by extractive resources for development. It is not a recipe or blueprint for the policies and institutions countries must build, but instead provides the ingredients successful countries have used.
