Publish What You Pay
The Publish What You Pay (PWYP) campaign aims to help citizens of resource-rich developing countries hold their governments accountable for the management of revenues from the oil, gas and mining industries.
PWYP is a coalition of over 300 organizations worldwide calling for the mandatory disclosure of payments by oil, gas and mining companies to all governments for the extraction of natural resources. The coalition also calls on governments in resource-rich developing nations to publish full details on EI revenues. To ensure that multinational and state-owned companies disclose payments made to governments, and that governments disclose the revenues received from the extractive sector, a number of mandatory regulatory mechanisms are needed. As it demands implementation of these regulations, Publish What You Pay's primary targets are:
- Stock market listing authorities
- The World Bank Group (IBRD, IDA, MIGA and IFC)
- The International Monetary Fund
- Other multilateral and bilateral lending institutions
- Export credit agencies
- Producer country governments
- Developed country governments
- The International Accounting Standards Board
- Private, commercial and retail banks that make resource-backed loans
The Publish What You Pay campaign was founded by Global Witness, CAFOD, Oxfam, Save the Children UK, Transparency International UK and George Soros, Chairman of the Open Society Institute.
Publish What You Pay members are actively working towards greater resource revenue transparency around the world, including ongoing efforts in Australia, Azerbaijan, Cameroon, Chad, Congo Brazzaville, Côte d'Ivoire, Democratic Republic of Congo, France, Gabon, Georgia, Germany, Ghana, Guinea, Indonesia, Kazakhstan, the Kyrgyz Republic, Liberia, Mali, Mauritania, Mongolia, the Netherlands, Niger, Nigeria, Norway, Peru, Sierra Leone, Timor-Leste, the United States and the United Kingdom.
For all the latest information about the PWYP coalition, go to www.publishwhatyoupay.org.
Revenue Transparency
The linkages between resource wealth, poverty, conflict and corruption–the so-called "resource curse"–are well documented. Public information and public accountability are the best guarantee that a country's resource wealth will translate into lasting benefits for its citizens over time.
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Expenditure Transparency
It is impossible to ensure proper management of natural resource wealth by looking exclusively at revenues. Transparent and accountable management and expenditure of public funds is essential to addressing the poverty, corruption and autocracy that too often plague resource rich countries.
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Gabon
With the recent death of President Omar Bongo, Gabon faces a stark choice between a legacy of corruption and a new chance to give citizens a role in the management of its natural resources. The need for change is especially urgent because Gabon's oil reserves are finite. Oil production has dropped 30% since 2000, while leaders have allowed the non-oil industries to remain underdeveloped.
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Ecuador
Since the inauguration of President Rafael Correa in January 2007, Ecuador has undergone momentous political change. In prior governments, confrontation between the executive and legislative branches bred intense political instability. Despite these tensions, Ecuador was able to establish a sound legal framework for transparency. However, a public perception of poor transparency persists.
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LATEST NEWS
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PUBLICATIONS
Contracts Confidential: Ending Secret Deals in the Extractive IndustriesContract transparency is sorely needed to improve the management of natural resource wealth. In a new report from RWI, authors Peter Rosenblum and Susan Maples delve into government and private sector objections to contract disclosure and make conclusions about what information may legitimately and reasonably be kept confidential, and how civil society institutions can better confront the challenge of secret deals.Learn more about the report ... |

