Extractive activity has continued in Myanmar during the pandemic to different degrees. The pandemic’s impacts may endanger the progress that Myanmar has made on transparency and civil society engagement in the extractive sector.
As the oil, mining and gas sectors suffer the economic consequences of the Covid-19 pandemic, extractive companies may attempt to excuse, delay or otherwise revise their contractual or legal obligations. This post provides guidance for governments of resource-dependent countries on how to prepare to safeguard their industries.
This report provides practical guidance to state and regional officials and oversight actors in Myanmar to avoid potential pitfalls and ensure that decentralization delivers real benefits to local communities and miners.
Contract disclosure in oil, gas and mining is rapidly becoming standard practice around the world, but in Myanmar, there has been little progress on contract transparency. The government now has an important opportunity to overhaul disclosure requirements and ensure Myanmar keeps pace with a growing global trend.