Information Center: accountability
(African Arguments) Enforcing The Dodd-Frank Act Would Promote Transparency And Development In Africa
An op-ed that highlights the important role that the Dodd-Frank legislation in the U.S. could play in increasing transparency in Equatorial Guinea.
Equatorial Guinea again scored poorly on the International Budget Partnership’s Open Budget Survey 2012, reflecting the inability of its citizens to participate in or monitor the country’s budget decisions.
Marcelo Giugale, the World Bank's Director of Economic Policy and Poverty Reduction Programs for Africa, offers a combination of measures that every government should have in place to help citizens get a good deal from their resources.
The U.S. Securities and Exchange Commission has issued final rules for legislation aimed at increasing transparency in the oil, gas, and mining industries.
EITI Board’s ousting of Equatorial Guinea from the transparency initiative is an opportunity to build a broader coalition and intensify collaboration to promote transparency, good governance, and human rights.
This article critically examines the challenges that come with implementing the Extractive Industries Transparency Initiative (EITI)—a policy mechanism marketed by donors and Western governments as a key to facilitating economic improvement in resource-rich developing countries—in sub-Saharan Africa. The forces behind the EITI contest that impoverished institutions, the embezzlement of petroleum and/or mineral revenues, and a lack of transparency are the chief reasons why resource-rich sub-Saharan Africa is under-performing economically, and that implementation of the EITI, with its foundation of “good governance,” will help address these problems. The position here, however, is that the task is by no means straightforward: that the EITI is not necessarily a blueprint for facilitating good governance in the region's resource-rich countries. It is concluded that the EITI is a policy mechanism that could prove to be effective with significant institutional change in host African countries but, on its own, it is incapable of reducing corruption and mobilizing citizens to hold government officials accountable for hoarding profits from extractive industry operations.
A coalition of more than 30 civil society organizations, including EG Justice, has sent a letter to every member of Congress asking them not to amend the Foreign Corrupt Practices Act (FCPA).
A coalition of more than 30 civil society organizations, including EG Justice, have sent a letter to every member of Congress asking them not to amend the Foreign Corrupt Practices Act (FCPA).
"Address by Agustín Carstens, Deputy Managing Director of the International Monetary Fund, at the Regional Workshop on Transparency and Accountability in Resource Management in CEMAC Countries held in Malabo, Equatorial Guinea, January 27, 2005. Mr. Carstens discusses transparency, accountability, and the EITI.
Governments of resource-rich developing countries often do not provide information about their revenues from natural resources, nor do multinational extractive companies publish information about payments made to the governments of those countries. Such opacity hides billions of dollars worth of financial impropriety, according to this Global Witness report.