sharing in governance of extractive industries
On 21 July 2014, the OECD released the full version of the Standard for Automatic Exchange of Financial Account Information in Tax…Continue
The IMF and World Bank have published a new hand book by Jack Calder aimed at effectively administering revenues from extractive industries. It seeks to provide policy makers and officials with practical guidelines to establish a robust legal framework, organization, and procedures for administering EI revenue. It discusses transparency and how to promote it in the face of ever-increasing demands from both domestic and international constituencies for clarity and accountability in…Continue
A report by Ernst and Young compares the provisions of the three frameworks for disclosure of EI revenutes in a helpful table format:
The IMF has developed a draft template for public consultation that seeks to standardize data collection of government revenues from natural resources. A standardized template could facilitate the collection of revenue data in an an analytically relevant and cross-country comparable format.
In the explanatory text accompanying the template, the Fund has included an appendix illustrating how to translate EITI country reports into the template using examples of Azerbaijan, Mongolia,…Continue