日本高清色视频在线视频在,国产香蕉97碰碰视频碰碰看,丰满少妇av无码区,精品无码专区在线,久久无码专区免费看,四虎欧美精品永久地址99,亚洲色无码一区二区三区

English 中文網(wǎng) 漫畫網(wǎng) 愛新聞iNews 翻譯論壇
中國網(wǎng)站品牌欄目(頻道)
當(dāng)前位置: Language Tips > Normal Speed News VOA常速

Oxfam: Ghana's new oil law leaves room for financial mistakes

[ 2011-03-11 13:02]     字號 [] [] []  
免費訂閱30天China Daily雙語新聞手機報:移動用戶編輯短信CD至106580009009

Oxfam: Ghana's new oil law leaves room for financial mistakes

Oxfam says Ghana's new oil law will not protect it from making the same financial mistakes as established oil producers such as Angola and Nigeria.

The Petrol Revenue Management Bill that Ghana's parliament ratified on March 2 is to regulate how the country spends and saves the $1 billion in oil money it expects to reap this year alone, an amount that is equal to two-thirds of the government's total anti-poverty spending.

The new law will require Ghana's government to publish a breakdown of all the oil-related money it receives and where it goes. It establishes watchdog groups to keep an eye on the oil money.

But policy group Oxfam International says those rules alone are not enough to prevent this region's newest oil exporter from repeating the mistakes of its oldest oil giants.

Nigeria, Angola, Cameroon, Equatorial-Guinea, Republic of Congo, and Gabon - all west and central African states - have been pumping hundreds of millions of dollars worth of oil a day for decades. But that oil windfall has typically failed to bring even mundane improvements in the lives of people in those states, the majority of whom live on less than $1.25 a day.

Ghana could suffer a similar future, Oxfam Policy Manager Ian Gary says, if the country does what its neighbors did and uses oil revenue as collateral for government loans.

Unfortunately, he said, the final law stripped a provision that would have prevented Ghana from doing just that - taking on risky debt with the false sense of security that petrol profits will one day pick up the tab.

"In many cases such as Angola, Congo-Brazzaville, and others, the condition under which they took oil-backed loans were very opaque," said Gary. "The terms were not known to the public and the interest rates were really high. So without any public discussion, the officials were basically mortgaging the future at very bad terms."

Ghana, he said, may be already inching towards that fate.

The state has taken out a staggering $750 million loan in the form the eurobond issued in 2008. Ghana's state-owned National Petroleum Company is also looking to borrow $500 million in start-up cash - a loan Gary fears, will be backed with the promise that some future oil windfall will pay off the loan if the company can't.

"There's concern that before Ghana even starts to really produce significant quantities of oil that it will have mortgaged a lot of that money," added Gary.

There are other, more intransigent concerns, too, he says for this country that may be an example against corruption within its region, but is still ranked 62nd in Transparency International's rankings of how 178 countries fare against corruption.

A series of 2009 investigations on how the country's nascent petrol proceeds were being spent found "leakage," Gary said, between the oil wells and the schools and clinics they were meant to fund.

"It's a question of how quickly Ghana can build its capacity to not just spend money, but spend money wisely," explained Gary.

In his state of the nation speech this year, Ghana's President John Atta Mills said his government will account for 100 percent of the country's petrol proceeds.

opaque: difficult to understand; not clear 難懂;模糊;隱晦;不清楚

proceeds: the money that you receive when you sell something or organize a performance, etc.; profits(售物或演出等的)收入,收益,進款

Related stories:

Oil spill fund chief says he is 'beholden' to victims

China depending more on imported oil

Shipping demand drives up fuel oil

Report: World oil demand to increase sharply

(來源:VOA 編輯:崔旭燕)

 
中國日報網(wǎng)英語點津版權(quán)說明:凡注明來源為“中國日報網(wǎng)英語點津:XXX(署名)”的原創(chuàng)作品,除與中國日報網(wǎng)簽署英語點津內(nèi)容授權(quán)協(xié)議的網(wǎng)站外,其他任何網(wǎng)站或單位未經(jīng)允許不得非法盜鏈、轉(zhuǎn)載和使用,違者必究。如需使用,請與010-84883631聯(lián)系;凡本網(wǎng)注明“來源:XXX(非英語點津)”的作品,均轉(zhuǎn)載自其它媒體,目的在于傳播更多信息,其他媒體如需轉(zhuǎn)載,請與稿件來源方聯(lián)系,如產(chǎn)生任何問題與本網(wǎng)無關(guān);本網(wǎng)所發(fā)布的歌曲、電影片段,版權(quán)歸原作者所有,僅供學(xué)習(xí)與研究,如果侵權(quán),請?zhí)峁┌鏅?quán)證明,以便盡快刪除。
 

關(guān)注和訂閱

人氣排行

翻譯服務(wù)

中國日報網(wǎng)翻譯工作室

我們提供:媒體、文化、財經(jīng)法律等專業(yè)領(lǐng)域的中英互譯服務(wù)
電話:010-84883468
郵件:translate@chinadaily.com.cn
 
 
<strong id="xdwva"><div id="xdwva"></div></strong>
<label id="xdwva"></label>

<thead id="xdwva"></thead>
    <label id="xdwva"></label>

  1. 日本高清色视频在线视频在,国产香蕉97碰碰视频碰碰看,丰满少妇av无码区,精品无码专区在线,久久无码专区免费看,四虎欧美精品永久地址99,亚洲色无码一区二区三区