World Bank Group fails to ensure revenue transparency

17 August 2007

BIC's new assessment reviews EI operations in more than 40 countries for the lending period of July 2005 to December 2006.

BIC has produced an assessment of how the World Bank and International Finance Corporation (IFC) are implementing revenue transparency in their operations involving the extractive industries (oil, gas, and mining - EI).  The assessment reviews EI operations in more than 40 countries for the lending period of July 2005 to December 2006.  Overall, the assessment concludes that the World Bank Group is missing important opportunities and has not implemented a comprehensive, consistent program to ensure revenue transparency in all its EI operations.  For a summary of key findings, please click on the document below.  To see detailed project-by-project and country-by-country assessment results, click on Annexes 1 and 2 below.

Assessment of World Bank Group’s Revenue Transparency Implementation in the Extractive Industries (Acrobat pdf, 148 KB)

Annex 1. Revenue Transparency Requirements in Extractive Industry Projects of the World Bank and IFC Projects Approved & Proposed July 2005 – December 2006 (Acrobat pdf, 98 KB)

Annex 2: Country Information on World Bank Extractive Industry Revenue Transparency (Acrobat pdf, 182 KB)