La Guinée est un pays riche en ressources qui n'a pas encore profité de sa richesse en ressources naturelles en raison d'un manque de gouvernance responsable et de transparence dans ses secteurs extractifs au cours des dernières décennies.
The sale of crude oil by national oil companies (NOCs) generates a large share of government revenue in oil-producing countries. NOC export sales bring in more than two-thirds of total government income in countries such as Angola, Azerbaijan, Congo-Brazzaville, Iraq, Saudi Arabia and Yemen.
In order for Russia to create a more diversified and stable economy, the government must change how it manages the enormous profits it earns from oil and gas—money that accounts for a quarter of Russia's GDP, half of the federal budget revenues and three-quarters of all exports.
Revenue Watch urges the government of Nigerian President Olusegun Obasanjo to enact revenue transparency reforms, including most notably the Nigerian Extractive Industries Transparency Initiative (EITI) bill, the Fiscal Responsibility bill, and the Freedom of Information bill.