One of the drivers of the Extractive Industries Transparency Initiative's inception over fifteen years ago was the need to address corruption. Here, NRGI president and CEO Daniel Kaufmann offers evidence-based ideas for how EITI can better meet that goal.
In Latin America, major governance challenges hinder the positive impact natural resources could have on economic and social development. In this post the authors put forth four priority actions that can shape the region’s extractive sector in the years to come.
A BBC investigation has concluded that a recent oil deal in Senegal showed signs of the potential for controversy and possible corruption. As a result, a businessman dogged by ethics questions will walk away with hundreds of millions. What can we learn from this unfortunate turn of events?
State-owned enterprises (SOEs) sit at the center of economic decision-making in many countries worldwide. Some have thrived, but many suffer from commercial and governance challenges. SOEs in the oil and gas sector have proven particularly prone to governance issues.
In countries rich in oil, gas or minerals—like Nigeria and Tunisia—electoral campaigns are fresh opportunities for political parties and candidates to dive into different aspects of the debate around resource governance; develop long-term policy positions; share them with voters; and raise public awareness on resource-related issues crucial to a meaningful and sustainable development.
Due to the large sums of money involved, subcontracting carries risks. Procurement deals are less visible and more numerous than the high-profile processes used to award exploration and production rights, and they are harder for government regulators, the media and civil society to scrutinize. They are therefore a common node for corruption.