How to Lose 4 Billion Dollars
- Washington DC Global Witness 2015
- 24p.
This report reveals how oil and mining assets worth a staggering $4bn have been allocated to companies whose ownership is obscure. Three of the four countries in this report are members of the Extractive Industries Transparency Initiative (EITI), while the fourth wants to join. The EITI is the foremost global transparency standard in the extractives sphere and has driven welcome awareness and reform since its creation, but this report shows that corrupt deals can still take place in countries that are meeting current EITI requirements.
