Voluntary Transparency Just Doesn't Cut It
When you think about transparency day in and day out, as I do, it is easy to get focused on the nitty gritty – why we need project and country level disclosure of information, what comprises a good definition of ‘project’ and so on and so forth – and forget about the big picture.
But transparency is not some small thing, some side project; it is at the heart of a troubling development problem: the resource curse. Natural resource development is often accompanied by promises of job creation, new opportunities for local businesses, and increased funds for cash strapped government coffers. Unfortunately, in too many cases, these are empty promises.
The past few weeks of the global transparency campaign have seen a spotlight placed on Canada.
On May 9th, during her pre-recorded video keynote address at the North South Institute’s conference Governing Natural Resources for Africa’s Development, Nigerian Finance Minister Ngozi Okonjo-Iweala urged Canada to be a leader in advancing global transparency in the extractive sectors by implementing mandatory disclosure requirements for Canadian extractive companies.
The Fight Against Artisanal Gold Smuggling in Eastern DR Congo
Victor Kangela, PAC Project Coordinator, Kisangani, DRC
For many years, high value minerals have been used by armed groups in the DRC and neighboring countries as sources of funding. Gold is one of the four most sought-after minerals in the DRC and attracts greed and conflict. The lack of a monitoring system for the production and trade of the minerals in eastern DRCongo, leads to transactions via illegal comptoirs and clandestine export to neighboring countries.
What’s Good for the Goose is Good for the Gander: Why Transparency Matters
The key findings of a recent World Bank report are not new: Africa's abundant mineral wealth is failing to dent poverty levels, and political elites (sometimes in close association with military men) are benefitting at the expense of ordinary Africans.
The paradox of plenty would appear to be alive and well. But lost in some of the media coverage however, was the Bank’s support for revenue transparency and institution building, two critical ingredients of good natural resource governance that lie at the heart of the work PAC does.