The Transparency Matters seminar series was launched in February of 2020. It covers cross-cutting themes relevant to extractive industries stakeholders, EITI implementing countries and civil society organisations. Please check back regularly to stay up-to-date on upcoming seminars. Watch all Transparency Matters and EITI videos on our Youtube channel.
Evolving expectations: How state-owned extractive companies are tackling transparency
Tuesday, 30 March 2021 14:00 - 15:00 CEST
The revenue from state-owned enterprises (SOEs) ultimately belongs to the citizens. In many countries, SOEs are seen as central to ensuring good governance of the extractive sector and providing revenue for public services. While a number of SOEs have committed to operating transparently, some also face significant corruption challenges related to mismanaged finances and opaque operations.
This Transparency Matters webinar explored what citizens and government shareholders should expect from SOEs in light of COVID-19 recovery plans and the energy transition. Panelists also discussed how improvements in SOE transparency can mitigate corruption risks.
This webinar was moderated by Tatiana Sedova, an adviser to the Minister of Industry and Infrastructural Development of the Republic of Kazakhstan on EITI and an EITI multi-stakeholder group (MSG) member.
The webinar featured high-level speakers from government, state-owned enterprises and civil society including:
Hans Christiansen, Senior Economist, OECD Corporate Affairs Division
Murtaza Rahimi, Director of Legal Services of State-Owned Companies, Ministry of Finance Afghanistan
Gonzalo Maldonado Albán, General Manager, EP Petroecuador
Inocência Mapisse, Researcher and Economic Analyst, Center for Public Integrity, Mozambique
David Manley, Senior Economic Analyst, Natural Resource Governance Institute
The webinar was held in English with French and Spanish translation.
Watch the recording (English):
Regarder l’enregistrement (Français):
Ver la grabación (Español):
Strengthening revenue collection in uncertain times: Why contract transparency matters for domestic resource mobilisation
Wednesday, 9 December 2020 14:00 - 15:00 CET
Contract transparency has rapidly evolved from being a frontier issue to a global norm. In the extractive sector, it helps citizens understand and monitor compliance with the terms, obligations and payments of extractive projects in their countries. The efficient management of tax regimes depends on sharing the information among government agencies.
The COVID-19 crisis underscores the urgency of disclosing contracts. As many countries anticipate a decrease in extractive production, it is even more important to understand if extractive revenues are managed in a way that meets critical development priorities, such as healthcare, economic and social needs.
In advance of the January 2021 deadline for the disclosure of new or amended contracts, this Transparency Matters webinar explored how contract transparency can help mobilise domestic resources and why contract disclosure is critical.
The webinar was moderated by Lisa Sachs, Director of the Columbia Center on Sustainable Investment, and featured a number of high-level speakers from government, industry and civil society including:
- Don Hubert, President, Resources for Development Consulting
- Diana El Kaissy, Executive Director, The Lebanese Oil and Gas Initiative (LOGI), Lebanon
- Mark van den Honert, Tax Manager, Global Policy, Shell International B.V.
- Francess Alghali, Minister of State - Office of the Vice President, Republic of Sierra Leone
- Tur-od Lkhagvajav, National Coordinator for Publish What You Pay (PWYP)-Mongolia coalition
Thursday, 3 September 14:00 - 15:00 CEST
For countries with limited access to credit and capital, resource-backed loans are a way of raising funding for infrastructure and development projects. This type of financing comes in the form of pre-payment deals, where governments or state-owned enterprises receive funds in exchange for future resource production.
These loans, however, also come with risks. Without transparency and public oversight, unfavourable terms and conditions can significantly affect a country's future public revenues and access to credit.
This webinar highlighted the role transparency can play in managing the risks and opportunties of resource-backed loans. It was moderated by Neil Hume, Natural Resources Editor of the Financial times and featured the following representatives from government, commodity traders and civil society:
- Zainab Ahmed, Minister of Finance, Budget and National Planning, Nigeria.
- Christophe Salmon, Group Chief Financial Officer, Trafigura Group Ltd.
- Anne Fishman, Policy Analyst, Commodities & Finance, Public Eye.
For resource-rich developing countries, the Covid-19 pandemic has brought about a triple crisis: strained public health systems, a sharp decline in commodity prices and abrupt economic downturns. At this critical juncture, transparency and trust are critical in forging smart and responsive policies.
As the second event in the Transparency Matters seminar series, our webinar explored how transparency can help resource-rich countries navigate the challenges of Covid-19.
The webinar featured a diverse panel of experts and transparency champions, including:
- Ms Helen Clark, former New Zealand Prime Minister and UNDP Administrator. Chair of the International Board of the EITI.
- Dr David Nabarro, one of six Special Envoys of the Director General of the WHO tasked to respond to the 2019–20 coronavirus pandemic.
- Mr Waziri Adio, appointed Executive Secretary of NEITI
- Mr Roberto de Michele, Principal Specialist, Inter-American Development Bank
Speakers for this in-person event included Helen Clark and Lord Turner.
- Helen Clark is the EITI Board Chair. She served as Prime Minister of New Zealand from 1999-2008, and as a Member of the New Zealand Parliament from 1981-2009. Prior to that she taught in the Political Studies Department of Auckland University, New Zealand. From April 2009 until April 2017, Ms. Clark was Administrator of the United Nations Development Programme and Chair of the UN Development Group.
- Lord Turner is the chair of the Energy Transitions Commission. He is also the Chairman of Chubb Europe, and advises the board of the Shanghai-based company, Envision Energy. He was appointed the first Chairman of the Climate Change Committee (2008-2012) whose recommendations were adopted by the UK government in 2009. He is also Chairman of insurance group Chubb Europe and serves as a Trustee of the British Museum.