Monitoring the Impact of Oil Revenues at the Local and Federal Levels in Mexico
Over the last several years RWI and OSI's Latin America Program has provided continued support to Fundar, a Mexico-based budget watchdog group. Fundar's projects have focused on monitoring the impact of oil revenues at the local and federal levels, raising public awareness on Mexico's Oil Revenue Stabilization Fund, evaluating the long-term impacts of the new fiscal regime implemented by PEMEX (Mexico's state owned oil company), and strengthening the capacities of Congress in oversight and decision-making regarding these issues.
Fundar has made important inroads in monitoring oil revenues and using the resulting information to build the capacity of the Mexican House Committees responsible for parliamentary oversight. Given Mexico's political climate, continued donor support for such groups is crucial to providing substantive information and increasing the level of understanding reagarding oil revenues to strengthen political parties, Congress and civil society in its essential advocacy for oversight and transparency in the extractive industries.
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Revenue Watch and our partners engage in increasingly diverse forms of public finance monitoring, including service delivery, participatory budgeting, and aid and expenditure tracking. Our partners are coalescing into an indigenous-led network of non-governmental organizations at the forefront of the battle against corruption and abuse of the public interest.
Grant-making is RWI's primary tool for engaging civil society in resource-rich countries and is an important means to motivate, support and build grassroots movements that create sustained local and international demand for revenue and expenditure transparency.
RWI takes a comprehensive approach to improving governance and development across the entire value chain, from the organization of extractive production, revenue generation, and revenue management, and through to the expenditure processes and national development outcomes.