This briefing explains why the Mongolian government should publish natural resource contracts, describes the different contracts that exist in Mongolia’s extractive sector that should be disclosed, and suggests a path for making natural resource contract transparency a reality.
NRGI was instrumental in the passage of a Ukraine law that mandates the disclosure of extractive payments at the project level, the disclosure of the ultimate beneficial owners of companies, and the disclosure of “material” elements of contracts relating to the extractive industry.
Regulatory and public pressure to increase transparency about the real people who own, control, or gain substantial economic benefits from companies—also known as beneficial owners—is growing globally.
"State capture" is defined as the efforts of individuals or firms to shape the formation of laws, policies, and regulations of the state to their own advantage by providing illicit private gains to public officials.
Les enquêtes les plus récentes montrent que le renforcement de la transparence et de l’implication du public en matière de passation de marchés constitue un moyen efficace de négocier des termes plus avantageux pour le public, d’améliorer les services publics, de décourager la fraude et la corruption, d’établir la confiance et de promouvoir un environnement commercial plus concurrentiel.
Deals in the oil, gas and mining sectors may be worth billions of dollars over decades. Yet there is surprisingly little systematic guidance for ensuring transparency in allocating and managing the rights to explore for and exploit natural resources.