Mining: Disclosure of Information

Department for International Development written question – answered on 16th October 2014.

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Photo of Catherine McKinnell Catherine McKinnell Shadow Minister (Treasury)

To ask the Secretary of State for International Development, whether her Department is taking steps to ensure that extractive industry transparency is a key component of the forthcoming G20 Anti-Corruption Action Plan.

Photo of Desmond Swayne Desmond Swayne The Minister of State, Department for International Development

DFID is lobbying partners bilaterally and in multilateral fora to promote progress towards common global standards of extractive industry transparency, including through continuing efforts in the G20 Anti-corruption Working Group which is preparing its Action Plan for 2015-16. The UK would like to see the G20 commit to high standards of transparency in the extractive industries.

Transparency in the extractive industries provides information for citizens in countries with oil, gas and minerals to hold their governments to account for how natural resources revenues are managed. This helps to tackle corruption, to promote poverty reduction, and offers companies a more open, and stable investment environment in which to operate.

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