Transparency Snapshot
Since the fall of the Suharto regime, information on Indonesia's extractive industries has become increasingly decentralized and available. The country's rapid and all-encompassing decentralization process has posed a range of challenges to increased transparency, including overall limits of governance capacity and a lack of clarity regarding legal mandates. In the interim, civil society groups report extremely disparate access at the local level to information on budgets, revenues, and potential extractive industries investors.
The collection and publication of accurate and timely information remains a challenge to both civil servants and civil society. Pervasive corruption compounds the difficulty of verifying the accuracy of information once documents are obtained.
Read more ...
Extractive Industries
High prices in the extractives industry are generating significant windfall revenues for Indonesia. In mining, which accounts for 0.5% of the national revenue, revenues jumped 74% between 2005 and 2006. Pertamina boasted ending 2007 with $2.5 billion USD, the highest profit ever posted by an Indonesia company.
Read more ...
