Cambodia
Revenues from oil, gas and mining must benefit all Cambodians, new coalition urges
Phnom Penh, Cambodia: Cambodians for Resource Revenue Transparency (CRRT), a new coalition of civil society organizations was launched today and urged the Royal Government of Cambodia, donors, private businesses, and other stakeholders to promote transparency in the management of revenues from oil, gas and mining to ensure that they benefit every citizen of Cambodia.
As Cambodia is expected to experience a sudden resource windfall, careful planning is needed to ensure that a sudden increase in revenues and expenditures are properly managed in a socially transparent and accountable manner that especially reaches the poorest Cambodians.
Cambodia's oil must not be the slippery slope to corruption and catastrophe
Emerging from genocide and decades of civil war, Cambodia’s discovery of oil raised hopes of faster development for the country – but also fears that the “resource curse” might strike again.
Oil production will come on line next year and local campaigners are racing to prevent Cambodia going the same way as countries such as Nigeria, where the industry has fuelled corruption and environmental catastrophe.
Things got off to a bad start, according to Global Witness.
SME Perspective on Extractive Industry
Cambodians for Resource Revenue Transparency sponsored a study to obtain the views of small and medium enterprises on the extractive industry in Cambodia. The study focuses on whether the participants believed new resource revenues entering the Cambodian economy from the extractive industry would be harmful or beneficial to their businesses, the overall business environment and general population.
The study was conducted through both quantitative and qualitative methods.
CRRT hosts President of Timor-Leste and Nobel Peace Prize Laureate, Dr José Ramos-Horta
On April 23, 2010, the Cambodian coalition, Cambodians for Resource Revenue Transparency (CRRT), co-hosted a roundtable discussion, “Transforming Natural Resource Wealth into a Source for Sustainable Growth and Democratic Development”, at which H.E. Dr. José Ramos-Horta, a 1996 Nobel Peace Prize Laureate and current President of Timor-Leste, was one of the key-note speakers.
Firm Date Set for Oil Flow
The long-awaited production of oil in Cambodia is scheduled to commence in December 2012, according to a leading government official, following positive results from off-shore drills.
Corporate Secrecy Oils the Wheels of Poverty
Op-ed by Director of Global Witness, Simon Taylor.
While oil, gas and minerals are by far the largest sources of state revenue for the world’s poorest nations, these resources, which should help fund development and sustainable economic growth, all too often turn out to be a curse, leading to increased poverty, child malnutrition and civil conflict.
