September 29, 2009 10:29:18 AM
Posted By administrator

"Civil society groups have long pressed the IFC to adopt a contract disclosure requirement for all of its extractive projects to ensure good governance. According to Lindlyn Tamufor from Third World Network-Africa, "not only do contracts determine government revenues, they can also have important implications for communities, the environment, and human rights." Stabilisation clauses in contracts, which exempt investors from compliance with changes to domestic law are prevalent in extractives contracts. The UN and civil society groups have criticised these clauses for undermining the ability of countries to apply international human rights standards"

 

from: http://www.brettonwoodsproject.org/art-565320
Permalink     Comments (1)

Categories: extractives, ifc, oil, transparency, accountability
 

 

 
Google

User Profile
administrator
Male

 
Category
 
Recent Entries
 
Archives
 
Links
 
Visitors

You have 2515305 hits.

 
Latest Comments
 
Navigation