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The World Bank and the IMF pledged their support to the Extractive Industries Transparency Initiative in statements made at a high-level conference in London on 17 June. Both institutions have pledged to provide technical advice on the design of templates for reporting extractive industry revenue payments. They have not said they will make such disclosure a condition of their project or programme finance, but Peter Heller from the IMF said: "transparent reporting of natural resource revenues will help establish credibility, ensure accountability, and inform the political debate". This text may be freely used providing the source is credited. This page is: <http://brettonwoodsproject.org/art.shtml?x=16597> Published: 21 July 2003 , last edited: 17 November 2008 Viewings since posted: 3535 |
Articles: 2499 Special coverage of the financial crisis, G20 summits, and moves towards a Bretton Woods II conference can now be found on our partner site: Newswire |
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