Revenue Transparency
The linkages between resource wealth, poverty, conflict and corruption–the so-called "resource curse"–are well documented. Public information and public accountability are the best guarantee that a country's resource wealth will translate into lasting benefits for its citizens over time.
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Expenditure Transparency
It is impossible to ensure proper management of natural resource wealth by looking exclusively at revenues. Transparent and accountable management and expenditure of public funds is essential to addressing the poverty, corruption and autocracy that too often plague resource rich countries.
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Iraq
Iraq, a nation of 25 million people, holds the second largest oil reserves in the world. But the pervasive violence, mismanagement and abuse of recent years have denied its people any lasting benefits from this wealth.
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Peru
Overall, Peru performs much better than many resource abundant countries in both revenue and expenditure transparency, thanks to a legal framework that guarantees citizens access to basic information about oil, gas and mining revenues and their distribution and usage.
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