IFC Extractive Industry Clients Government Payment Disclosure

IFC Extractive Industry clients commit to disclosing payments such as royalties, dividends, taxes,  and signature bonuses which they make to their host governments.  This reflects IFC’s, and IFC clients’, ongoing work in increasing transparency in the extractive industries sector. 

The table below provides links to where IFC clients’ disclose their respective payments.  Please note that most clients have not yet disclosed their payments since they have just completed their 2007 fiscal years.  Where this is the case, we have provided the expected date of disclosure. 

The projects fall into three categories:  1) those which currently disclose payments made to governments, 2) those which have not yet made payments to government but will disclose once they do, and 3) those that by the nature of their business do not make payments directly related to the extraction of natural resources.

The projects below represent IFC projects committed in 2007.  This was the first year in which agreeing to disclose payments to governments became an IFC policy requirement. The information will be updated in July of this year when companies have calculated and disclosed the amount of their payments.  Beginning in 2009 this information will be updated on an annual basis during the month of June to reflect deals committed for the previous calendar year. 

* Includes payments such as profit taxes, dividend taxes, bonus payments, signature payments, and royalties.  Excludes routine payments such as administrative fees.