22 Apr 2013

Anti corruption group hosts workshop on revenue transparency

6:13 pm on 22 April 2013

Transparency International Papua New Guinea is to host a workshop on a mechanism designed to promote revenue transparency in resource rich countries of the world.

The anti-corruption organisation will conduct the three-day awareness workshop on the Extractive Industries Transparency Initiative in Alotau this week.

The initiative is a global standard that requires mining and petroleum companies to disclose their payments to governments, and for governments to disclose what they receive from those companies, based on their extractive industry investments.

Transparency International says release of this data enables the public to push for greater accountability by government of how extractive industry revenues are received, allocated and spent.