For Press

Email: media@resourcegovernance.org

Contact:
Lee Bailey, Natural Resource Governance Institute
+44 (0)20 7332 6114 (office)
+44 (0)7823 442 954 (mobile)
lbailey@resourcegovernance.org


For the first time since it won in 1990, the National League for Democracy (NLD), led by Aung San Suu Kyi, will be contesting a general election. (The NLD won 43 out of 45 seats in a 2012 by-election.) Should the party or a coalition of opposition parties win, Myanmar will have its first majority civilian government in Myanmar in 53 years.

IACC webcast, Nigeria reforms, Latin America corruption...

Lack of transparency about complex, often secretive structures. Clandestine, opaque relationships with government officials. These factors exacerbate the risks that beneficial owners of some extractive companies could easily engage in tax evasion, transfer pricing, trade mispricing, bribery, contract fraud and money laundering.

When we think about the “resource curse,” one oft-cited example is oil-rich Venezuela. Despite copious petroleum reserves, people in one of Latin America's top hydrocarbon producers queue for hours outside supermarkets to buy staple foods, and now cite food shortages as a bigger concern than crime.

During the oil boom years earlier this decade, rising petroleum subsidies in importing countries such as Tunisia and Egypt were a constant strain on budgets—and so the collapse in oil prices has produced nuanced challenges for state-owned oil enterprises (SOEs) in both countries.