Global Witness - Breaking the links between natural resources, conflict and corruption
Assessment of International Monetary Fund and World Bank Group Extractive Industries Transparency Implementation
Report – 29/10/2008
New Report: IMF and World Bank Need to Bolster Transparency Measures in the Extractive Industries
The International Monetary Fund (IMF) and World Bank are falling short in fostering fundamental measures of transparency in the oil, gas, and mining industries, a report released today by the Bank Information Center and Global Witness found.
The assessment of IMF and World Bank engagement in 55 resource-rich countries revealed that while the institutions have made numerous commitments to strengthen transparency in the extractive industries in order to combat corruption, their application of these measures has been highly inconsistent and not comprehensive.
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