Contracts Confidential: Ending Secret Deals in the Extractive Industries (October 2009)

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From the abstract:

Contract transparency is sorely needed to improve the management of natural resource wealth, particularly in developing nations where oil, gas and minerals often account for more than half of the national income.

When contracts are publicly available, government officials have an incentive to stop negotiating bad deals with industry, and citizens can allay their suspicions over hidden abuses. The result is better contracts, greater public trust and a more stable investment climate.

This Revenue Watch Institute report, based on legal research, in-person interviews and a comprehensive review of more than 150 extractive industry contracts, concludes that most government and private sector objections to contract disclosure are unwarranted, and counsels civil society institutions on how to better confront the challenge of secret deals.

 

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Date of the Resource: 
2009
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