Tagged: extractive industries
Africa’s remarkable growth, driven in large part by a minerals and energy boom, is threatened by illicit capital outflows and widening income gaps.
As the Deauville Summit comes to a close, international aid agency Oxfam warned that the G8 is losing credibility by showing no real decision-making in its Communiqué.
Oxfam America commends the US Congress for making disclosure of payments from oil and mining companies to governments around the world a legal requirement. This historic measure will increase financial transparency and help reduce corruption.
The deadline for the Extractive Industries Transparency Initiative arrives, but only two out of 22 countries have completed their validation.
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