Emerging Frontiers of Extractive Industry Transparency: Procurement and Sub-Contracting
Extractive industry sites spend hundreds of millions each year on of goods and services – but how much is staying in host countries? What corruptions risks surround such massive payments? How can we help more benefits stay close to site? Join us for drinks, snacks and discussion at the OpenGov Hub as we explore a growing frontier in the transparency movement for extractive industries: procurement. Mine sites typically spend more on procurement of goods and services than taxes, payments to employees, and community investment combined. The potential to change lives is huge. But so is the risk for corruption. What can we do about it? Join Jeff Geipel of Mining Shared Value who will present their work with GIZ promoting transparency in procurement through the Mining Local Procurement Reporting Mechanism (LPRM), Anders Pedersen presenting the NRGI’s work deterring corruption in sub-contracting, and the International Finance Corporation Gosia Nowakowska-Miller talking about the role of transparency in procurement and how that plays into their investments. If we expect transparency in mining and oil and gas industry tax payments to governments – why not for procurement spending which is in most cases the single largest potential economic impact?
1133 15th St NW
Washington, DC 20005
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