Financial Transparency Coalition

I’m in Oslo this morning to talk about the International Accounting Standards Board proposals for accounting for the extractive industries, and those relating to the demand for country-by-country reporting in this sector in particular. The slides I’ll be using are here. I’ll be publishing much more on this issue soon. Suffice to say, that as I note in the slides there are four fundamental problems with the IASB response:

• Their refusal to consider the needs of civil society
• Failure to define materiality appropriately
• Technical incoherence of the response
• The voluntary opt out from disclosure built into...

A side event at the World Bank/IMF Meetings in Istanbul

The Norwegian Government has granted a total of 234 Million Kroner (Shs 8 trillion) to the Ugandan Government in support of development programmes. The grant is meant to supplement the Government’s 2009/10 budget and will focus on four priority areas; rural electrification, strengthening management of oil and gas, forestry and environment and meat export development.

Authors of a report on tax havens and development, commissioned by the Norwegian government, believe international action is required to deal with the problem of transfer mispricing.