Oxfam is urging President Obama and African leaders to make bold commitments to help transform African institutions into models of transparency and accountability.
Oxfam welcomed commitments by France, Germany and the UK to make it mandatory for oil, gas and mining companies to publish data regarding their payments in resource-rich countries.
The deadline for the Extractive Industries Transparency Initiative arrives, but only two out of 22 countries have completed their validation.
Voluntary approaches to increasing transparent and accountable management of natural resources wealth are making sluggish progress. The Extractive Industry Transparency Initiative must put in place additional mandatory disclosure rules.