Myanmar is experiencing a big influx of foreign investment and is now pursuing reforms that will boost transparency and track more openly where it is going and how it is spent.
The country recently released its first public report under the Extractive Industries Transparency Initiative, a voluntary global standard that asks countries to publicly report the revenues that extractive industry companies such as oil and mining firms pay to their national governments.
Countries that choose to adopt the standard form a multistakeholder group comprised of government, business and civil society officials who oversee the public reporting process.
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About the author
Naki B. Mendozamfbmendoza
Naki is a former reporter, he covered the intersection of business and international development. Prior to Devex he was a Latin America reporter for Energy Intelligence covering corporate investments and political risks in the region’s energy sector. His previous assignments abroad have posted him throughout Europe, South America, and Australia.
