Equatorial Guinea

EITI Board agrees status of 20 countries

BERLIN, 16 APRIL 2010.  The Board of the Extractive Industries Transparency Initiative, the international standard for improved transparency in countries’ natural resource sector, met in Berlin 15-16 April. The Board discussed the request of 17 of the 32 countries currently implementing the EITI to extend their deadline for completing EITI Validation. In addition, Sao Tome and Principe had applied to voluntarily suspend their EITI Candidate status. 

Equatorial Guinea moving towards EITI Validation

Equatorial Guinea, currently an EITI Candidate country, held the 7th meeting of the EITI National Commission, the EITI multi-stakeholder group in the country, on 30 January. The Commission, chaired by Finance Minister Melchor Esono Edje, took important decisions for the advancement of the implementation process in EG: Hart Nurse Limited was chosen to conduct the EITI Validation, the local communication firm “Media Communications” was selected to ensure the dissemination of the first EITI report.

EITI Newsletter July 2010: Unprecedented activity in EITI countries

As we approach half-way through 2010, it is proving to be as momentous for the EITI as expected. Although most of the 22 first EITI countries did not complete the validation of their EITI processes by their deadlines, eyes are now turned towards those granted short extensions to complete by September. Countries’ efforts to meet the deadlines have led to an unprecedented level of activity to improve transparency in the extractives sector. In the past 12 months, 18 countries have produced EITI Reports. File:  EITI-Newsletter-2010-July.pdf

Equatorial Guinea

Other country Hidden:  Hidden Status of EITI ImplementationEquatorial Guinea was accepted as an EITI Candidate country on 27 September 2007. It applied to extend their deadline for completing EITI Validation. The EITI Board did not agree to grant Equatorial Guinea an extension. Peter Eigen sent a letter to the President conveying the Board's decision.