AfDB

What is PWYP’s ask?

Publish What You Pay (PWYP) calls for international financial institutions (IFIs) to require public disclosure of revenues and contracts for all extractive industry investment projects, development policy lending, and technical assistance programmes. In addition, PWYP requests IFIs to ensure the development, implementation and monitoring of the transparency program includes meaningful civil society participation.

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Washington, DC: Transparency International (TI) welcomes the World Bank’s launch of the EITI++, an expansion of the Extractive Industries Transparency Initiative (EITI) into a broader scheme to ensure that natural resources produce long-term development benefits for resource-rich yet poor nations.

“Extractive resources need to provide real benefits for the peoples of the countries where these minerals are located,” said Huguette Labelle, Chair of the Board of Directors of Transparency International on welcoming the EITI++ initiative announced here by World Bank President Robert B.