Publisher: 
EITI
Published Date: 
June, 2018

The EITI Board agreed that Colombia has made significant progress in implementing the 2016 EITI Standard.

Date: 29.06.2018

Reference: 2018-38/BM-40/BP-40-6-A

Description: see below for the decision in full. PDF attached at bottom of the page.

Where: 40th Board meeting in Berlin, Germany

Based onRequirement 8.3 EITI Validation deadlines and consequences

Reference documents

Keywords: Validation; Colombia

 

Go to Board decisions overview

Decision in full

Following the conclusion of Colombia’s Validation, the EITI Board decided that Colombia has made satisfactory progress overall in implementing the EITI Standard.

The Board congratulated the Government of Colombia and Multi-Stakeholder Group (MSG) on the progress made in improving transparency and accountability in the extractive industries by providing a trusted source of data to inform public debate. The Board welcomed the EITI’s impact in establishing a mechanism for discussing revenue transparency, the sector’s contribution to the economy and the challenges in revenue distribution, social contributions, environmental regulation and illegal mining. The EITI has produced and compiled information in a regularly-updated online platform bringing together previously-scattered data and investigating poorly-understood issues. In its three years of EITI implementation, Colombia has expanded the scope of EITI reporting to include a wide range of areas from mineral transportation to environmental regulation. The EITI has shed light on current government agencies’ regulatory practices, gaps in government systems, and on complex issues such as the distribution and allocation of royalties. This work has informed reforms in government agencies including the mining and hydrocarbon regulators. EITI Colombia is well-placed to continue contributing to improved governance of the extractive sector. Opportunities and challenges include monitoring reforms such as strengthening licensing management, including through beneficial ownership disclosures, improving engagement at the regional and community levels, coordinating efforts in expanding transparency across government agencies, contributing to curbing illegal mining,and improving compliance with environmental regulations. In addressing these challenges and seizing these opportunities, sustained engagement from all constituencies, including in the use of EITI data, and adequate resources for EITI implementation will be key. 

The Board’s decision followed a Validation that commenced on 1 January 2018. In accordance with the 2016 EITI Standard, an initial assessment was undertaken by the International Secretariat. The findings were reviewed by an Independent Validator, who submitted a draft Validation report to the MSG for comment. The MSG’s comments on the report were taken into consideration by the independent Validator in finalising the Validation report and the independent Validator responded to the MSG’s comments. The final decision was taken by the EITI Board.

Recommendations

The government and the MSG are encouraged to consider the recommendations in the Validation Report and the International Secretariat’s initial assessment that could help Colombia make ever greater use of the EITI as an instrument to support reforms,and to document the MSG’s responses to these recommendations in the next annual progress report.