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Contracts Confidential: Ending Secret Deals in the Extractive Industries

Date:
September 2009
Source:
Revenue Watch Institute
Author:
Peter Rosenblum & Susan Maples

Contracts Confidential: Ending Secret Deals in the Extractive Industries aims to promote serious conversation among industry, governments, investors, banks, and civil society organizations about disclosure and confidentiality in extractive industry contracts.

Published by Revenue Watch Institute, an Open Society Institute grantee and partner, the report argues that contract transparency is critical to addressing better resource management and bringing contract stability to an industry that sees its contract renegotiated more than any other. Over the long term, the report argues, contract transparency will enable governments to negotiate better deals, as the information asymmetry between governments and companies closes and citizens gain understanding of the complex nature of extractive agreements.

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