Our Work / Projects

REVENUE WATCH INSTITUTE PROJECTS

Revenue Watch promotes transparent, accountable and effective management of natural resource wealth to help countries avoid the "resource curse." We take a comprehensive approach to improving governance and development across the entire value chain, from with the organization of extractive production, revenue generation, and revenue management, and through to the expenditure processes and development outcomes in these resource rich countries.

We have played a central role in nurturing and building the capacity of the transparency and accountability movement in producing countries for the past five years, as a leader in the ongoing promotion and internationalization of the Extractive Industries Transparency Initiative (EITI); through support for a growing body of research on best practices in revenue management; and through local partnerships to create savings and expenditure strategies for natural resource windfalls, among many other initiatives.

Advocacy

Capacity Building & Training

Civil Society Monitoring & Advocacy

Civil Society Monitoring & Advocacy (cont'd)

EITI Outreach & Implementation

Mainstreaming Revenue Transparency

Research

Technical Assistance

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ISSUES


  • It is impossible to ensure proper management of natural resource wealth by looking exclusively at revenues. Transparent and accountable management and expenditure of public funds is essential to addressing the poverty, corruption and autocracy that too often plague resource rich countries.
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  • The contracts between governments and oil, gas and mining companies are central to any effort to trace revenues and expenditures in the extractive industries. Extractive industries contracts determine the benefits, obligations and indeed the transparency of the agreements between countries and industry. Read more ...

COUNTRIES

  • Sierra Leone's mining and petroleum sector has made a significant recovery since the end of the 11-year civil war in 2002. Mining accounted for about 30% of GDP in 2007 and 80% of exports in 2008, with diamonds contributing 85% of that total. A new Mining and Minerals Law was signed in 2009, marking important progress towards improved sector governance and legal reforms.
  • Iraq, a nation of 25 million people, holds the second largest oil reserves in the world, estimated to exceed 300 billion barrels. While Iraq enjoyed a period of relative prosperity and modernization in the 1950s and 1960s, its more recent history of pervasive violence, mismanagement and abuse has denied the people of Iraq any lasting benefits from this wealth. Today, a nation mired in conflict, Iraq suffers severe shortages of fuel and power, despite the fact that it literally "swims on a lake of oil."

PUBLICATIONS

PUBLICATION ~ September 14, 2009

Contracts Confidential: Ending Secret Deals in the Extractive Industries


Contracts ConfidentialContract transparency is sorely needed to improve the management of natural resource wealth, in particular in developing nations where such resources often account for more than half of the national income. In a new report from RWI, authors Peter Rosenblum and Susan Maples delve into government and private sector objections to contract disclosure and make conclusions about what information may legitimately and reasonably be kept confidential, and how civil society institutions can better confront the challenge of secret deals.