As the largest resource-for-infrastructure deal ever reached at the time of its signature, the Sicomines case has generated much controversy in Kinshasa, Beijing, and Western capitals alike. It is so large in scale that its value exceeded the Congolese state budget the year it was signed.
Hoy es un día importante para la gobernanza de las industrias extractivas. La junta directiva internacional de la Iniciativa para la Transparencia de las Industrias Extractivas (EITI) se reúne en Bogotá, Colombia, para discutir la implementación del requerimiento EITI del 2013 sobre reporte a nivel de proyecto.
What’s next for Latin American civil society as the supercycle of high commodity prices recedes in the rear-view mirror? And what are the most interesting trends in the extractives sector in the region?
Last year’s meeting in Cape Town was overshadowed by pessimism in the wake of tumbling commodity prices and organizers tried to boost morale by encouraging participants to look “beyond the cycle.” But this year the buzz word for multilaterals was sustainability.
Since 2013, the EITI Standard has “encouraged” public disclosure of contracts. And while it is difficult to attribute causality to policy change, since the release of the 2013 EITI Standard, nine new countries released contracts, and nine enacted laws that require contract disclosure.
Andrew Bauer, David Mihalyi, Dorjdari Namkhaijantsan
Last week, the Mongolian government announced a USD 5.5 billion bailout agreement with the International Monetary Fund (IMF) and partners the World Bank, the Asian Development Bank, and the governments of Japan and South Korea.
Almost one third of the 1,450 contracts on ResourceContracts, an online repository of publically available investment contracts, feature annotations that provide plain language summaries of each contract’s ke
It has been notoriously difficult for citizens in resource-rich countries to lay hands on extractive industry contracts and licenses between their governments and private sector extractive companies. But that seems to be changing.