Increasing transparency as well as business and civic engagement in government contracting are powerful ways to craft better agreements, improve public services, deter fraud and corruption, build trust and promote a more competitive business environment. A new report from NRGI and the Open Contracting Partnership details how to do it.
Civil society actors fighting for better resource governance must engage with reformers in government and business and speak “truth to power” with those parties hampering progress, NRGI president and CEO Daniel Kaufmann tells RAW Talks.
Three years ago, Mexico opened up to private energy firms, ending state-owned Pemex’s monopoly in the oil and gas industry. Priscila Rodríguez Santamaría, senior advisor for hydrocarbon policy to Mexico’s Energy Secretariat, spoke with NRGI about this new period in the history of Mexico’s oil industry.
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.
Resource-rich Latin American countries did experience high rates of economic growth and diminished poverty and inequality during the boom years. On the surface, this would appear to strengthen arguments that extractive industries are key to progress, especially in resource-rich areas, despite their negative environmental impact. Nevertheless, a closer look shows that things are a bit more complicated.
Since its independence from the Soviet Union, the Kyrgyz Republic has undergone more dynamic political development toward democracy compared to neighboring countries. However, it has not met its full economic potential. Continuing reform of its mining sector—identified as one of the five key strategic industries of the economy—is paramount.