The Global and Africa Steering Committee of the Publish What You Pay (PWYP) coalition for an open and accountable oil, gas and mining sector have written a letter to the American President calling for concrete commitments to enhance the extractive governance in light of the US – Africa Leaders’ Summit on August 5 and 6.
Cordaid supports the Publish What You Pay coalition in its effort to establish good governance in the exploitation of natural resources in an accountable and transparent manner.
Contracts and licences
In the open letter, the members of the Global and Africa Steering Committee call on the US governments to commit to an open and transparent bidding process for the allocation of extractive contracts and licenses, including the publication of contracts.
Furthermore, they ask the President to commit to creating a public registry of corporate beneficial ownership information. Countries including the Democratic Republic of Congo, Liberia, Niger, Nigeria, Tanzania and Zambia are implementing this as part of the EITI standard and the UK committed to doing so as part of the G7 Tax Trade and Transparency agenda. The two PWYP committees are now looking at US leadership to follow suit.
The three-day U.S.-Africa Leaders Summit is the first event of its kind and the largest event any U.S. President has held with African heads of state and government. The event will focus on trade and investment in Africa as well as security and democratic development.