Across the globe, revenues from oil, gas and mining that should be funding sustainable economic development have been misappropriated and mismanaged. This Global Witness report considers five major examples of this problem: Kazakhstan, Congo Brazzaville, Angola, Equatorial Guinea and Nauru.
Revenue disclosure laws – Cardin-Lugar and the global transparency standard
Global movement to end the corruption that blights resource-rich countries is gathering pace.
Oil, Gas and Mining
Money from oil, gas and mining can help lift entire countries out of poverty in much of the developing world. Properly managed, it can build schools, hospitals and roads, and reduce dependency on international aid. But all too often, the revenue goes missing because deals are done behind closed doors, allowing small, corrupt elites to profit at the expense of ordinary citizens.
Congo's Secret Sales
Huge international mining companies acquired major mining concessions in Congo for billions of dollars - but most of the money never reached state coffers.