Oil, Gas and Mining for Development

It is vital to distinguish between legal corruption (such as that exposed by the Panama Papers) and illegal corruption (such as that exposed by the Unaoil scandal) and recognize that this is a moment for governments to take decisive action against both. Both the U.S. and the U.K.—which hosts the May Anti-Corruption Summit—have an unprecedented opportunity to make a difference.

NRGI president and CEO Daniel Kaufmann delivered the keynote presentation at “Transparencia: Open Data and Anticorruption in Latin America,” an April 4 symposium at Harvard University. In the immediate wake of the Panama Papers leak, Kaufmann offered a framework to rethink and redefine the conventional view of corruption. Showing global evidence, he addressed various governance dimensions that matter and their impact on growth and development.

As prices of various commodities fall, many resource-rich countries are facing increasingly difficult choices. This series of articles, by NRGI experts and the organization’s partners, explores specific challenges in different contexts, as well as the solutions open to countries facing lowered investment, reduced government revenues, and increasing deficits.

Image by Steve McCurry / Magnum Photos