OUR WORK / PROJECTS

Publish What You Pay

The Publish What You Pay (PWYP) campaign aims to help citizens of resource-rich developing countries hold their governments accountable for the management of revenues from the oil, gas and mining industries.

PWYP is a coalition of over 300 organizations worldwide calling for the mandatory disclosure of payments by oil, gas and mining companies to all governments for the extraction of natural resources. The coalition also calls on governments in resource-rich developing nations to publish full details on EI revenues. To ensure that multinational and state-owned companies disclose payments made to governments, and that governments disclose the revenues received from the extractive sector, a number of mandatory regulatory mechanisms are needed. As it demands implementation of these regulations, Publish What You Pay's primary targets are:

  • Stock market listing authorities
  • The World Bank Group (IBRD, IDA, MIGA and IFC)
  • The International Monetary Fund
  • Other multilateral and bilateral lending institutions
  • Export credit agencies
  • Producer country governments
  • Developed country governments
  • The International Accounting Standards Board
  • Private, commercial and retail banks that make resource-backed loans

The Publish What You Pay campaign was founded by Global Witness, CAFOD, Oxfam, Save the Children UK, Transparency International UK and George Soros, Chairman of the Open Society Institute.

Publish What You Pay members are actively working towards greater resource revenue transparency around the world, including ongoing efforts in Australia, Azerbaijan, Cameroon, Chad, Congo Brazzaville, Côte d'Ivoire, Democratic Republic of Congo, France, Gabon, Georgia, Germany, Ghana, Guinea, Indonesia, Kazakhstan, the Kyrgyz Republic, Liberia, Mali, Mauritania, Mongolia, the Netherlands, Niger, Nigeria, Norway, Peru, Sierra Leone, Timor-Leste, the United States and the United Kingdom.

For all the latest information about the PWYP coalition, go to www.publishwhatyoupay.org.

ISSUES

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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COUNTRIES

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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LATEST NEWS
PUBLICATIONS

Escaping the Resource Curse

Too often, developing nations with natural resource wealth face greater conflict, corruption, and poverty than developing nations without an abundance of oil, gas or minerals. There are solutions to this "resource curse," but not without fundamental political changes.
Read more about Escaping the Resource Curse and order copies online ...