A new ranking system for public disclosure of revenues from oil, gas and mineral extraction puts Brazil and Norway at the top of the list, and Turkmenistan last.
The 56-page report on 41 countries was announced Oct. 6 by the Revenue Watch Institute (RWI) and Transparency International (TI).
The report “compares how much the 41 governments disclose publically about the money they receive for oil, gas and minerals exploitation, and about contracts and other basic data. In nearly all these countries, natural resources are public assets, and the revenues are managed in trust by the government on behalf of its citizens.”
“We found that in too many countries, governments give citizens little information about this crucial part of the economy,” said RWI Director Karin Lissakers, who released the index at a briefing in Washington, D.C. “Without access to information, the public has very limited influence on how governments manage the resources and how governments use the revenues.”
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