Burma?s Resource Curse The case for revenue transparency - A briefing by Arakan Oil Watch

Description: 

"Burma is rich in natural resources. Exports of natural gas alone amount to approximately US$2.5 billion in annual revenues, and these are expected to increase by 60% as three additional production blocks come on line as early as next year. Yet despite this enormous wealth, Burma is one of the poorest countries in the world. A lack of transparency around revenues from the sale of oil, gas and other natural resources, a lack of an accountable system to manage revenues, and a lack of equitable benefit sharing of resource revenues are perpetuating a resource curse in Burma. It is a country crippled by corruption, censured for major human rights violations, and continuing to suffer from a decades-old civil war between the ruling government and ethnic peoples. The country?s major businesses are controlled by military companies and cronies. Projects which extract and export natural resources have directly led to human rights abuses such as forced labor, land confiscation, rape and displacement, as well as severe environmental degradation. The revenues from these projects have in turn helped prop up authoritarian rule and enrich top military generals. There is therefore an urgent need for Burma to manage oil and gas revenues with a greater transparency and accountability as well as to reform its military-dominated economy to ensure that the benefits of the country?s resources are shared more equitably among its people and for the country?s sustainable development. in the oil and gas sector"

Source/publisher: 

Arakan Oil Watch

Date of Publication: 

2012-03-22

Date of entry: 

2012-03-23

Grouping: 

  • Individual Documents

Category: 

Language: 

English

Local URL: 

Format: 

pdf

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738.78 KB