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.
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.
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.
The transfer price is the price of a transaction between two entities that are part of the same group of companies. For example, a South Africa-based company might sell mining equipment and machinery to its Ghana-based subsidiary. The price agreed is the “transfer price.”
Sierra Leone is rich in mineral resources, including diamonds, bauxite, iron ore, and rutile. Despite this vast mineral wealth, Sierra Leone remains one of the poorest countries in the world, ranked 158th of 169 on the Human Development Index.