extractivas

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.

For countries rich in minerals and hydrocarbons, natural resources should provide an essential source of financing for development.

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.