sharing in governance of extractive industries
Time: April 24, 2019 from 5pm to 7pm
Location: Open Gov Hub
Street: 1110 Vermont Avenue Northwest #500
City/Town: Washington DC
Website or Map: https://www.google.com/maps/p…
Event Type: discussion, and, reception
Organized By: Jeff Geipel
Latest Activity: Apr 30
Extractive industry sites spend hundreds of millions of dollars each year on of goods and services. How much money is staying in host countries? What corruption risks surround such massive payments? How can more benefits stay closer to site?
Introduction by the Director of Publish What You Pay United States, Filmona Hailemichael
Join us for drinks, snacks and discussion at the Open Gov Hub as we explore a growing frontier in the transparency movement for extractive industries: procurement. Mine sites typically spend more on procurement of goods and services than taxes, payments to employees, and community investment combined. The potential to change lives is huge. But so is the risk for corruption. What can we do about it?
Join Jeff Geipel of Mining Shared Value who will present their work with GIZ promoting transparency in procurement through the Mining Local Procurement Reporting Mechanism (LPRM), Anders Pedersen presenting NRGI’s work deterring corruption in sub-contracting, and the International Finance Corporation’s Gosia Nowakowska-Miller talking about the role of transparency in procurement and how it plays into their investments.
If we expect transparency in mining and oil and gas industry tax payments to governments, why not for procurement which is in most cases the single largest potential economic impact?
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