Kyrgyz Republic
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EITI Status
EITI Status:
Compliant country
Compliant since
Compliant since:
1 March 2011
Webpage
Webpage:
Extractive Industries
The Kyrgyz Republic has substantial deposits of coal, gold, and uranium. WIth 18,5 tonnes of gold produced in 2011, gold mining remains essential for the Kyrgyz economy. According to the 2011 EITI Report, mining constituted about 15% of budget revenues, about 15% of GDP and 53% of total volume of exports for the Kyrgyz Republic.
Eiti Reporting
The country produces EITI Reports that disclose revenues from extraction of its natural resources. Companies disclose what they have paid in taxes and other payments and the government discloses what it has received. These two sets of figures are compared and reconciled
EITI Implementation
Kyrgyz Republic’s implementation activities focus on raising awareness about the findings of the 2010 and 2011 EITI Reports published on 29 December 2012. A summary 2011 EITI Report has been produced for this purpose. The NGO Three of life also hosts an online forum for discussing natural resource governance, including EITI. Preparations are underway for the 2012 EITI Report which will be issued in the third quarter of 2013. The Supervisory Board is also undertaking a review of license disclosure practices.
Innovations
In June 2011, the government of the Kyrgyz Republic decided to establish the Fuel and Energy Sector Transparency Initiative (FESTI), partially modelled on the EITI. FEISTI aims to increase transparency and accountability in the energy sector. It has its own Supervisory Board and a secretariat located within the Ministry of Energy.
The EITI Reports include payments to the social fund and environmental charges.