This EITI Report covers Armenia's extractive sector in 2016-2017. It was published in February 2019. The Report is available in English and Armenian.
Mining sector is an important contributor to the national economy of Armenia. The country’s mineral resources include iron, copper, molybdenum, lead, zinc, gold and silver. According to the World Bank, exports of these resources have brought in an estimated USD 500 million annually over the past five years, making mining a leading sector in terms of exports and foreign currency inflows. Mining sector contributed 3.2% to country's GDP in 2017.
The commitment to implement the EITI was first made within the framework of the Open Government Partnership, which Armenia joined in 2011. The Government of Armenia announced its commitment to implement the EITI during the first meeting of the Anti-Corruption Council on 31 July 2015. The Prime Minister at the time, Hovik Abrahamyan, expressed the government’s willingness to become an EITI member country and delegated the coordination of Armenia’s EITI accession process to Minister - Government Chief of Staff Davit Harutyunyan. A new government at the time led by Prime Minister Karen Karapetyan was formed in September 2016. The programme of the new government referenced EITI implementation in Armenia as an important and effective step towards achieving objectives in the mining sector, and the submission of the EITI candidature application was incorporated in the Government Program. On 24 November 2016 Prime Minister Karen Karapetyan signed Decree 1104A on Establishing Multi-Stakeholder Group for Accession of the Republic of Armenia in the Extractive Industries Transparency Initiative and Approving Its Composition.
Following the Candidature application submitted by the Armenian government to the EITI, international EITI Board has designated Armenia as a Candidate country on 9 March 2017.
The first EITI Report covering 2016-2017 fiscal years was published in February 2019 and is available here.
Currently, the EITI process in Armenia is lead by Deputy Prime Minister Tigran Avinyan.
Source: EITI Armenia