A meaningful revenue transparency initiative leads to monitoring by local communities, continuing efforts to eradicate corruption, and ultimately to a reduction in poverty. This comprehensive approach requires more than the publication of payments by companies and receipts by countries. If citizens are to know whether such payments and receipts reflect a fair deal, the contracts on which they are based must be made transparent as well. Unfortunately, the widespread use of confidentiality clauses often protects oil, gas, and mineral contracts from this much-needed disclosure.
RWI is actively engaged in an international effort to promote greater contract transparency, through both research and advocacy. We are supporting a comparative study on regulatory and contractual restraints on transparency in order to better understand the balance of interests surrounding such constraints. RWI is also supporting the Publish What You Pay coalition in its efforts to embed contract disclosure requirements in US and international legislation.
RWI is actively engaged in an international effort to promote greater contract transparency, through both research and advocacy. We are supporting a comparative study on regulatory and contractual restraints on transparency in order to better understand the balance of interests surrounding such constraints. RWI is also supporting the Publish What You Pay coalition in its efforts to embed contract disclosure requirements in US and international legislation.