For the vast majority of people in most resource-rich countries, natural wealth does not translate into prosperity, but instead leads to environmental and economic devastation, and hampers democratic reform.
Revenue Watch urges the government of Nigerian President Olusegun Obasanjo to enact revenue transparency reforms, including most notably the Nigerian Extractive Industries Transparency Initiative (EITI) bill, the Fiscal Responsibility bill, and the Freedom of Information bill.
In June 2004, the United States and the United Kingdom relinquished civil authority over post-conflict Iraq, ending thirteen months of occupation and marking the creation of an independent interim Iraqi government.
Companies and governments in both the developed and developing worlds have made a range of commitments to transparency in the management of resource revenues. But what actual progress has been made? How does their performance rate?
Follow the Money provides practical information on how citizens of resource-rich countries can become effective monitors of government earnings and expenditures. It summarizes the experiences of some of the most successful budget groups in the world.