#DiscloseTheDeal: How Can OGP Boost Contract Disclosure in the Extractive Sector?
16 December 2021
This event was part of the OGP Global Summit 2021 and was organized by Publish What You Pay (PWYP), Natural Resource Governance Institute (NRGI) and Oxfam America.
Contract disclosure is key to ensure transparency and good governance in the extractive industries: it helps citizens understand the risks and rewards of extraction, prevents corruption, supports the transition to a low carbon world and builds trust.
At least 31 countries have a law for open deals and mandatory publication has been endorsed by many extractive companies, the UN and the IMF. Fifty-five countries implementing the Extractive Industries Transparency Initiative (EITI) standard now have to disclose new extractive contracts and more than 20 commitments on this topic have been included in Open Government Partnership (OGP) National Action Plans (NAPs). But contracts often remain secret.
In 2022, more than 20 countries will co-create their OGP NAPs, but a question still remains: how can OGP help governments to get more deals disclosed?
Building on lessons learned from past OGP commitments, this panel provided a global overview of the progress made on contract disclosure and what still needs to be done. It also took a deep dive into specific countries that will co-create NAPs in 2022.