Primer: Transparency Mechanisms and Movements (PDF 113.68 KB)
Governments, international organizations and other actors can improve transparency by establishing and enforcing a set of international standards for financial and accounting records, as well by disclosing contractual terms. Public disclosure of information throughout an extractive project, from exploration licensing to project clean-up, is a vital mechanism for helping citizens and investors to hold governments and companies to account.
- Transparency is a fundamental tool to promote efficiency and accountability in converting natural resource wealth into long term social and economic development.
- For transparency to be effective, information disclosures must be relevant, accessible, timely and accurate.
- Transparency is the root of many campaigns to reform the management of extractive industries.
- There are numerous mechanisms and movements for transparency that often have overlapping and mutually reinforcing aims.