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Democracy in Iraq hinges on a comprehensive and transparent approach to the management of its resource wealth, says a group of Iraqi and international stakeholders who met to carve out a strategy for the future of Iraqi oil.
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The people of Iraq endured decades of corrupt and totalitarian rule under Saddam Hussein, who squandered the nation's natural and human resources on unwinnable wars, internal repression, and enriching himself and his cronies. With Saddam gone, Iraqis are now demanding a more just and economically viable future. This report explores ways that Iraqis can avoid many of the problems that can accompany oil wealth - corruption, conflict, and the "resource curse" - by rising above the political rivalries and cronyism that threaten post-Saddam Iraq and embedding measures for accountability into the future Iraqi constitution.
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Nigerian Violence Fed by Ethnic, Economic Issues, Ex-President Says - CNN
Niger NGOs Urge Junta to Renegotiate Mining Contracts Signed Under Tandja - APA News (Niger)
Guinea Interim Leader Rules out Presidential Bid - ABC News
IMF Project to Help Africa Crack Down on Illicit Diamond Trade - International Monetary Fund
Revenue Mobilization and Transparency in Ghana's Upstream Oil Industry - Ghana Web
EU Hits Back at Geithner on Regulation - Financial Times
DR Congo: Ex-Rebels Take Over Mineral Trade Extortion Racket - Global Witness
Nigerians Recount the Night of Their Bloody Revenge - The New York Times
Tanzania: Mining Exploitation Has Bright Future - Tanzania Daily News
Mexico Oil Politics Keeps Riches Just Out of Reach - The New York Times
PDAC 2010: Miners Face More Controls - Financial Post (Canada)
Tullow Says Profits Have Been Hit by Falling Oil Prices - BBC
Global Oil and Mining Transparency Initiative Arrives at Key Deadline - Publish What You Pay
Many Countries Failing to Implement Oil and Mining Industry Anti-Corruption Initiative - Oxfam International
Uganda: Pressure Mounts on Government Over Oil - The Monitor
Contracts Confidential: Ending Secret Deals in the Extractive Industries
Contract 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.
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Drilling Down
This milestone guide from the Revenue Watch Institute provides step-by-step explanations of each phase of EITI implementation and a comprehensive review of extractive industries accounting for civil society readers.
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