IMF
Congo Brazzaville: Oil gotten gains
An excellent film produced by Andrew Weir and Christopher Walker for Al Jazeera's People and Power series which looks at how revenues from Congo Brazzaville's natural resources have been spent on luxuries by the president's family despite most of the population living on less than a dollar a day. The film features PWYP campaigners Christian Mounzeo from Congo-based Rencontre pour la Paix et les Droits de l'Homme and Gavin Hayman from Global Witness.
Bottom of the barrel: Africa's oil boom and the poor
Africa is fast becoming a key supplier of oil to the United States. In a decade, nearly a quarter of all oil supplies will come from the region. As this report argues, despite this “oil boom” ordinary Africans will see no improvements to their lives so long as revenues continue to flow into governments lacking in transparency and accountability. This report addresses two key questions: How can Africa’s oil boom contribute to relieving poverty? What policy changes should be implemented to promote the management and allocation of oil revenues in a way that will benefit ordinary Africans?
Bank must lead on transparency in oil, gas and mining
Statement to a joint meeting of the IMF and World Bank in Dubai calling for leadership in bringing about greater transparency in extractive sectors.
Letter to World Bank and IMF Chiefs
Letter from PWYP coalition representatives on the occassion of the spring meetings of the IMF and World Bank.
Global Witness Letter to IMF Managing Director
Letter to Horst Köhler regarding the EITI and Article IV Consultation with the Republic of Congo.
The Publish What You Pay Initiative
Washington D.C. – It is a sad and perverse paradox of today’s global economy that some of the very wealthiest developing countries are also the very poorest. Countries possessing an abundance of diamonds, gold, oil, gas and exotic minerals can barely feed, clothe, let alone educate, the bulk of their populations which suffer among the highest infant mortality rates and shortest average life span in the world. War and civil strife, not peace, are the norm in many of these resource- rich but troubled areas.
Statement of the IMF
Ms. Anne O. Krueger, First Deputy Managing Director and currently Acting Managing Director of the International Monetary Fund (IMF), made the following statement today:
Strengthening transparency in the Oil Sector in Cameroon: Why does it matter?
There has been a growing recognition of the importance of transparency for economic growth and social development in oil producing countries. This paper analyzes transparency issues in Cameroon’s oil sector. It shows that, while substantial efforts have already been undertaken, continued action is necessary to strengthen transparency.
Angola: 2006 Article IV consultations - Preliminary conclusions of the IMF mission
An IMF mission conducted discussions in Luanda with the Angolan authorities for the 2006 Article IV consultations during March 15-29, 2006.
