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Initiative Extractive Industries Transparency play the role of guarantor of oil revenues

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therealbubbie

therealbubbie
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Contribute to the reduction of the waste of public money and spending trends
Baghdad - Tamimi Hussein ثغب the
initiative is the Extractive Industries Transparency. Of the most important government guidelines to control oil revenues and verify that the information on them in collaboration with the Ministry of Oil and producing companies with the participation and supervision of the Office of international scrutiny.
oil revenues
economist said Bassem Jamil Antoine that the issue of transparency in the extractive industries occupied a special significance in the contract recently after it was the outcome of this Torrential wealth is far from the eyes of their people, pointing out that they were the preserve of the rulers who run the country. It was Iraq for many years without supervision on production and oil revenues. Was preceded by the hegemonic unilateralism of the oil companies the world on this wealth and act as local governments within these countries.
, and pointed out that the emergence of the initiative, the Extractive Industries Transparency to play an important role in the follow-up oil and gas industry, mining and limiting the financial and administrative corruption through the application of the principles and standards of the initiative. The Global Initiative for transparency in extractive industries has announced in Johannesburg in September 2002, an international protocol required the signatory states of the adoption of measures accurate global in trading revenues national wealth extracted from the ground كالمعادن oil and the World Bank and the International Monetary Fund in addition to the many countries and organizations, community civilian world. third largest country has committed to the Iraqi government formally implement the initiative in May 2008, and then launch an initiative Extractive Industries Transparency in Baghdad in January 2010 when he announced the Prime Minister Nuri al-Maliki, Iraq's commitment to this initiative has been the International Council for the initiative by announcing that Iraq has became a candidate country under the initiative of transparency in the extractive industries after several meetings. said Antoine given his Iraq reserves of oil and gas and mineral resources made ​​it the third largest reserves of oil in the world, and shares of the application of standard Transparency Initiative at the present time. benefit of the country and pointed out that the benefits of the initiative transparency in Alastforeigh industries is to ensure the use of a larger portion of the revenue generated by oil revenues and mineral resources for the benefit of the country, and is one of prominent basics transparency. And a means to strengthen oversight and accountability to the state budget, it can also be reports Initiative Extractive Industries Transparency powerful tools for explaining the citizens of the amount of الامول that Tsthsalha government and how to spend that money, noting that this initiative led in some cases to restore the government to fund an unknown destination or for payments been allocated for foreign companies. obtain loans and continued Antoine saying: that the benefits of the initiative extends to strengthen the state's position at the signing of international treaties and conventions - to get loans - exemption from debt, similar to other basic criteria in the assessment of a civil state and the States wishing to sign international treaties and conventions, or in obtaining loans or seek exemption from the accumulated debt, فضلاعن promote anti-corruption and good governance more broadly, referring to the possibility of the initiative process revealed to hide illegal practices or corrupt more difficult by improving transparency in the area where confidential be ordered familiar with it. And their ability to be a precedent for the improvement of the concept of transparency in the areas of other government. improve openness and pointed out the importance of building confidence among the citizens in public institutions and selection of professionals in the initiative of transparency efficiencies able to improve the openness and public debate about how to receive the government's revenues and spending, when the citizens feel empowered by reasons of force and that they better call the political process and more confident that their interests into consideration when making governmental decisions. increased, saying: he benefits from the initiative work is also to reduce the discounts between governments, businesses and communities, and since it includes actual changes on the ground and work from outside the community and sometimes from outside States, there is a tendency to occur discounts in extreme cases lead to conflict. stakeholders and between Antoine that the initiator transparency in the extractive industries require the active participation of large segments of the stakeholders. Because he knew the book of reference for the initiative of transparency in the extractive industries that they are: individuals and communities, groups and organizations that have an interest in the output of the initiative of transparency in the extractive industries and those who can influence them.
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