sharing in governance of extractive industries
The International Monetary Fund (IMF) is in the midst of finalizing the fourth pillar of its new Fiscal Transparency Code (FTC) and public consultation on the draft has just drawn to a close. The pillar focuses entirely on resource revenue transparency for resource-rich countries, in recognition of the importance of the role that transparency plays in effectively harnessing these resources for development.
With the new FTC the IMF has shifted focus to quality of output and not merely processes. Can the IMF's new emphasis make a difference to contract transparency in the DRC?
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