Since 2013, the EITI Standard has “encouraged” public disclosure of contracts (see section 2.4 in the latest edition). In a recent report, Don Hubert and I noted that this gave important additional momentum to the issue of contract disclosure. And while it is difficult to attribute causality to policy change, since the release of the 2013 EITI Standard, nine new countries released contracts,
When governments and private sector companies agree to exploit publicly owned natural resources, citizens have the right to know the terms of the resulting deals. These terms are contained in licenses, contracts, regulations and legislation. While regulations and legislation are usually public, licenses and contracts often are not.