Revenue Watch Index & results-Quiroz

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Revenue Watch Index & results-Quiroz

  1. 2. Main findings: <ul><li>29 out of 41 countries provide limited public information on their natural resource sector. </li></ul>
  2. 3. Main findings: <ul><li>5 countries (Colombia, Liberia, Peru, Timor-Leste and the United States) publish their contracts in full. </li></ul>
  3. 4. Main findings: <ul><li>28 out of 30 hydrocarbon-producing countries have a NOC. Only 14 countries publish full reports on their operations. </li></ul>
  4. 7. Press freedom in oil rich countries:
  5. 8. Definition of Revenue Transparency <ul><li>The Revenue Watch Index is the first attempt to measure the information governments disclose about oil, gas and mining industries, including payments to those governments, contracts, regulations and related data. The research focuses on identifying publicly available information. </li></ul>
  6. 9. Seven key areas of revenue transparency:
  7. 10. Seven key areas of revenue transparency:
  8. 11. Seven key areas of revenue transparency:
  9. 12. Seven key areas of revenue transparency:
  10. 14. <ul><li>Recommendations </li></ul>
  11. 15. Publish information: <ul><li>Governments, including SOCs, should publish regular, comprehensive and timely reports on the income they earn and on how they manage the oil, gas and mining sector. </li></ul>
  12. 16. Publish contracts: <ul><li>Governments need to publish their contracts. </li></ul>
  13. 17. Civil and political rights: <ul><li>Disclosure of information and legal provisions guaranteeing access to information do not automatically translate into accountability or control of corruption. </li></ul><ul><li>Governance mechanisms have to be enforced and monitored to be effective. </li></ul><ul><li>Parliaments, civil society and the press need respect to civil and political liberties to bring about accountability. </li></ul>
  14. 18. How does the RWI index compares to other governance indicators ?
  15. 19. How does the RWI index compares to other governance indicators ?
  16. 20. How does the RWI index compares to other governance indicators ?
  17. 21. <ul><li>For more information visit: www.revenuewatch.org/rwindex </li></ul>
  18. 23. What do you think is the main problem when mineral rich countries experience slow economic growth and high levels of poverty despite large cash flows from the exploitation of mineral resources? <ul><li>Government corruption </li></ul><ul><li>Lack of transparency </li></ul><ul><li>Weak technical capability </li></ul><ul><li>Inequality </li></ul><ul><li>Conflict </li></ul>
  19. 24. If you knew that country X was rich in oil, gas and minerals, what would you expect this country to be? <ul><li>Democratic </li></ul><ul><li>Authoritarian </li></ul><ul><li>Corrupt </li></ul><ul><li>Well Managed </li></ul><ul><li>Respectful of freedom of information </li></ul>
  20. 25. Which statement do you agree with more? <ul><li>Countries that are rich in oil, gas and mineral reserves will always suffer from problems of corruption, recurrent crises, and high poverty levels as a result of the resource curse. </li></ul><ul><li>Mineral wealth is not a curse. Good governance, including transparency and accountability, as well as the right policies, can transform mineral resources into economic development and public goods. </li></ul>

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