Financial Transparency Coalition

WASHINGTON, D.C.—A pioneering new measurement of government public disclosure in managing oil, gas and minerals ranks Brazil and Norway highest among 41 countries for making public detailed information about these key resources, the Revenue Watch Institute (RWI) and Transparency International (TI) announced today.

WASHINGTON, D.C.—A pioneering new measurement of government public disclosure in managing oil, gas and minerals ranks Brazil and Norway highest among 41 countries for making public detailed information about these key resources, the Revenue Watch Institute (RWI) and Transparency International (TI) announced today.

Our friends at Revenue Watch have just finished translating the Publish What You Pay / Country-by-Country Reporting provisions of the Dodd-Frank Wall Street Reform legislation into Arabic, Chinese, French, Russian and Spanish. Section 1504 of the recent Dodd-Frank Act requires country-by-country and project-by-project reporting by all extractive companies listed on the SEC. Read / download (PDF) the translations below:

• Arabic | عربي
• Chinese | 中文
• French | Français
• Russian | Русский
• Spanish | Español

On the International Accounting Standards Board’s (IASB’s) website, many CSOs including Eurodad have contributed to the IASB Discussion Paper on extractive activities, arguing in favor of a comprehensive country by country reporting standard for the extractive industries, a standard currently being reviewed. There are also contributions from other stakeholders that are openly opposed to such a standard. Interestingly, the World Bank also made a very assertive contribution, which strongly supports a country by country reporting standard in the extractive sector. World Bank strongly backs PWYP Proposals on country by country reporting The entire submission from the World Bank...