Tagged: extractive industries
Sweeping measures to improve transparency and governance are urgently needed to end a scandal that has seen Africa lose an average of $1 billion every week for the past 30 years in illicit financial flows.
Oxfam is urging President Obama and African leaders to make bold commitments to help transform African institutions into models of transparency and accountability.
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.