Open the Books on Corruption - Publish What You Pay

From www.openthebooks.org:
In many developing countries that are rich in natural resources, governments do not provide the most basic of information concerning natural resource revenues. This lack of transparency facilitates and even encourages corruption. Large sums of money that are not subject to oversight or disclosure are hijacked by corrupt leaders and are misappropriated, funding wars and inciting civil strife, diverting much needed funds from the citizens who own these resources. These citizens lack any method of recourse in holding the government accountable for their expenditures. Publish What You Pay calls for transparency in the oil, gas and mining industries and is asking Congress to introduce the Extractive Industries Transparency Disclosure Act. This bill will get much-needed information about natural resource revenues into the public domain.

Category:

Nonprofits & Activism

Tags:

• Publish
• What
• You
• Pay
• oil
• corruption
• Africa

[kakompo]

Despite all the money from petroleum people are still so poor. Look at Saudi Arabia and what they are doing with their oil wealth. And yet places like Equatorial Guinea and Nigeria still suffers despite all the oil revenue. Corruption is a cancer that will never leave our continent. When will this end?