Transparency at the Crossroads for Extractive Industries

Transparency at the Crossroads for Extractive Industries

When it comes to good governance in the information age, transparency has few competitors as the fix du jour. This is especially true when it comes to oil, gas and mining revenue in developing countries, where many people rightly consider transparency an essential first step in curbing government corruption. But the discussions at the “Transparency Counts” conference, held by the Extractive Industries Transparency Initiative (EITI) in Paris earlier this month, strongly suggest that knowing how much money is coming in to government coffers is not enough if that money does not improve people’s lives. Natural resources are hot right now, […]

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