Follow-up to the Petro Caribe Energy Cooperation Agreement
The Follow-up to the Petro Caribe Energy Cooperation Agreement is a monitoring initiative of Transparencia Venezuela, Transparency International's national chapter in Venezuela. It is a monitoring mechanism on the agreement initiated in 2005 by the Venezuelan Government, and ensures the supply of oil to the Caribbean and Central American nations. This agreement aims to provide financial and structural capacities for nations to cope with their energy supply. The monitoring process works via periodic evaluations of the official documents of the agreement in the different nations. It aims to supervise the management of the state oil industry and the use of funds derived from oil revenues. The organization is in charge of publishing regular reports on the agreements, the main partners, the conditions of payment and the effects on the national oil company of Venezuela.
Institutional design
Formalization: is the innovation embedded in the constitution or legislation, in an administrative act, or not formalized at all?
Frequency: how often does the innovation take place: only once, sporadically, or is it permanent or regular?
Mode of Selection of Participants: is the innovation open to all participants, access is restricted to some kind of condition, or both methods apply?
Type of participants: those who participate are individual citizens, civil society organizations, private stakeholders or a combination of those?
Decisiveness: does the innovation takes binding, non-binding or no decision at all?
Co-governance: is there involvement of the government in the process or not?
- Formalization
- not backed by constitution nor legislation, nor by any governmental policy or program
- Frequency
- regular
- Mode of selection of participants
- restricted
- Type of participants
- civil society
- Decisiveness
- democratic innovation yields no decision
- Co-Governance
- no
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Ends
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