Oversight actors can detect and prevent corruption in the oil, gas and mining sectors if they ask the right questions. Corruption schemes can be complex and opaque, yet clear patterns and similar signs of problematic behavior do exist across resource-rich countries.
In 2015, the global market for rough gemstones is estimated to have been worth between USD 17 billion and USD 23 billion. Yet in many countries where gemstones originate, particularly those that produce colored gemstones, this resource wealth has only marginally supported development.
Four years after EITI began encouraging contract disclosure through its standard, this report assesses the extent to which governments of resource-rich countries have taken up the recommendation. The report finds that disclosing the contracts and licenses that detail terms of resource exploitation has become the norm among EITI implementing countries.