NRGI set out to collect total oil, gas and mining revenue data for the countries included in the Resource Governance Index to find out how many dollars flow to governments that mismanage the handling of their natural resources.
A 10-year boom in the prices of many commodities drew to a close last year. During previous booms, governments in developing countries have often squandered wealth accumulated through oil, gas and minerals, directing little of the proceeds toward effective investment or saving. When boom turned to bust, resource-rich countries were caught out, forced into debt spirals.
NRGI president and CEO Daniel Kaufmann delivered the keynote presentation at “Transparencia: Open Data and Anticorruption in Latin America,” an April 4 symposium at Harvard University. Kaufmann offered a framework to rethink and redefine the conventional view of corruption. Showing global evidence, he addressed various governance dimensions that matter and their impact on growth and development.