RWI report measures resource-rich countries' accountability

05/27/2013
The lives of more than 1 billion people worldwide could be transformed if their governments managed their countries' oil, gas, and mineral resources in a more open and accountable manner, a new Revenue Watch Institute analysis concluded. RWI's 2013 Resource Governance Index measured oil, gas, and mining accountability and transparency in 85 countries worldwide that produce 85% of the world's oil, 90% of its diamonds, and 80% of its copper, generating trillions of dollars in revenue annually. It found that 47 of the 58 countries have not embraced openness and accountability. Eleven, including emerging Latin American economies, received satisfactory overall scores. "We hope to advance ...
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