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.
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.
El precio del cobre se cuadruplicó entre el 2003 y el 2006, lo cual dio a Chile, el mayor productor del mundo, ingresos inesperados durante esos años. Pero, como ya es sabido, la bonanza experimentada gracias al cobre y a otros commodities no ha durado y los precios han disminuido desde entonces.
"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.