abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

11 Oct 2006

Author:
Publish What You Pay

[PDF] New Report Finds Action Needed to Manage Natural Resource Revenues

Governments and oil, gas, and mining companies must keep their promise to make industry revenues more transparent, says a report released today by Publish What You Pay (PWYP), a coalition of anti-corruption activists and charities. In a new report, PWYP examines progress made on the Extractive Industries Transparency Initiative (EITI) in the 21 countries that endorsed the agreement four years ago. Eye on EITI outlines the steps necessary to curb the corruption that prevents citizens from benefiting from their country’s natural resource wealth. The report finds that while two countries—Nigeria and Azerbaijan—have made significant progress in implementing EITI, in about half of the countries, governments have failed to match their rhetoric with tangible measures.