Contract disclosure in oil, gas and mining is rapidly becoming standard practice around the world, but in Myanmar, there has been little progress on contract transparency. The government now has an important opportunity to overhaul disclosure requirements and ensure Myanmar keeps pace with a growing global trend.
As Myanmar undergoes validation against the EITI standard, this briefing is intended to equip stakeholders in interrogating and correcting apparent inconsistencies in jade and gemstone sector statistics.
Myanmar’s state-owned economic enterprises regularly generate approximately 50 percent of the government's fiscal revenues and spend as much in the domestic economy. But there are governance problems, which this report addresses with recommended reforms.
Four years after the Extractive Industries Transparency Initiative (EITI) began encouraging contract disclosure through its standard, this report assesses the extent to which governments of resource-rich countries have taken up the recommendation.
Licensing serves as the gateway into Myanmar’s lucrative and controversial mining sector. The permitting process determines, in large part, who can participate in the mining sector and under what conditions.