There is growing momentum for initiatives that encourage “open governance” (transparency, accountability and participation) to combat corruption and deliver sustainable and inclusive growth. These initiatives however, have had mixed results despite the engagement of many international, national, public, private and other actors. The efficacy of open governance continues to be debated, with stakeholders asking: how to build on successes and learn from what has not worked; what role complementary governance factors may play (e.g., the rule of law, a free press, or space for civil society); and how the enormous array of existing public data produced by open governance initiatives can be better utilized.
The World Bank Group’s initiative “From Disclosure to Development: Harnessing the Power of Data to Reinforce Extractive Industries Contributions to Sustainable Development” focuses on enhancing the efficiency and benefits of data disclosures from government and industry in support of achieving clear development outcomes from extractives investments. The program seeks to demonstrate the power of making disclosed data more accessible, analyzable, and actionable.
This initiative will be one of the most comprehensive attempts yet to make extractive industries data work for all concerned, through the adoption of a phased approach to conduct global research, convening, and capacity building activities combined with in-depth country engagements.
On September 18, the World Bank Group along with Brookings, and the Partnership for Transparency’s Anti-Corruption Forum will host an event to discuss new developments in how transparency, accountability, and participation initiatives can contribute to reducing corruption and achieving sustainable development.
The morning will commence with a general, cross-sectoral perspective and then pivot to a particular case: that of the natural resource value chain.
Christine Lagarde, managing director of the International Monetary Fund, will deliver opening remarks on governance and corruption. Following her remarks, Madame Lagarde will participate in a panel with other distinguished speakers to assess the state of the global fight against corruption and emerging developments in that battle.
After a short break, we will have a second session to discuss these issues in the natural resource extraction context, and to introduce two new research initiatives, one led by the World Bank and International Finance Corporation, and the other led by Brookings and its partners, Results for Development and the Natural Resource Governance Institute. This session will be an interactive, town-hall style discussion that will benefit from the insights of experts attending from around the world, including representatives of international financial institutions, academia, think tanks, civil society, and the public and private sectors.
The event will be webcast live. Join the conversation on Twitter using #Transparency.