IraqRevenueWatch.org

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Iraq Revenue Watch: Monitoring Iraq Reconstruction Funds, Contracts, Oil

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Open Society Institute (OSI) Chairman George Soros launched Iraq Revenue Watch (IRW) in May 2003. At that time, the goal of IRW was to ensure transparent international stewardship of Iraq’s oil revenues while the country remained under occupation. Now that Iraq is once again independent, the goal of IRW is to monitor Iraq's oil industry and public finances, to ensure that they are managed with the highest standards of transparency and that the benefits of national oil wealth flow to the people of Iraq.

In many parts of the world, the lack of proper stewardship over oil resources has resulted in corruption, the continued impoverishment of populations, and abuses of political power. By helping the Iraqi people and international community to tackle these problems early, the Open Society Institute hopes to help Iraq avoid this plight.

IRW is part of the Open Society Institute’s effort to support informed and inclusive public policy debate in Iraq, as well as build an international network which will debate on these issues, develop new ideas and hold all stakeholders to account in promoting a free, peaceable and prosperous Iraq. IRW is a project of OSI’s Revenue Watch program, which works to promote accountability in natural resource-rich countries by equipping citizens with the information, training, networks, and funding they need to become more effective monitors of government revenues and expenditures.