African countries have led the way in tackling hidden ownership. Through their membership of the EITI, 25 African countries have committed to disclose the natural owners of the companies who bid for, operate or invest in the extractives sector. They have committed to disclose the names of any political exposed persons with ownership in the sector. They have developed detailed plans for how they will do all this by January 2020.
This blog is based on a survey undertaken by the EITI International Secretariat in January 2017. The results were presented to the EITI Board at its recent meeting in Bogota. The survey explores the status of EITI countries’ efforts in agreeing open data policies and providing EITI data in open formats. The survey will be repeated in 2018 to assess progress in addressing these issues.
Although no two Board meetings are ever alike, difficult discussions to find consensus on particularly challenging issues are as part of the EITI as any requirement in the Standard. At the Board level – just as in implementing countries – the EITI is a platform for stakeholders to find consensus on what can, in some case, be quite contentious issues.
Reaffirmation of EITI project level reporting: The greater the detail – the stronger the impact
EITI Board members and around 70 stakeholders gathered on 8 March in Bogotá, Colombia for the 36th EITI Board meeting to discuss progress in implementing the EITI in 51 member countries.
Figures to benefits: what we have achieved in a year
The 2017 EITI Progress Report presented at the meeting highlights the most impressive case-studies among the member countries and captures impact
The EITI can be better used to ensure that women’s voices are heard in how the extractive sector is managed.
During my first mission to Kabul, my colleague and I had a Taliban rocket land some forty meters from our guesthouse. It happened in the evening, while we were working on our notes from the day before, and it shook the whole guesthouse. We ran to the safe-room and put on our bullet-proof vests. What was going on, was the compound under attack?
Since 2013, the EITI Standard has “encouraged” public disclosure of contracts (see section 2.4 in the latest edition). In a recent report, Don Hubert and I noted that this gave important additional momentum to the issue of contract disclosure. And while it is difficult to attribute causality to policy change, since the release of the 2013 EITI Standard, nine new countries released contracts,
The Board looks at opportunities and challenges following US repeal of implementing regulations giving effect to Dodd-Frank 1504
President Donald Trump’s repeal of the implementing regulations for Section 1504 of the Dodd Frank Act has been given a lot of attention in recent weeks. Understandably so. For those of us that work to advance transparency in payments from the oil, gas and mining industry to governments, the actions in Washington are a step backwards,
When governments and private sector companies agree to exploit publicly owned natural resources, citizens have the right to know the terms of the resulting deals. These terms are contained in licenses, contracts, regulations and legislation. While regulations and legislation are usually public, licenses and contracts often are not.
Study reviews institutional, operational and developmental impacts.
I have the honor to be invited next week to Conakry, where the Guinean government will convene a national roundtable on responsible mineral development. The objective of this initiative is to foster a dialogue between mining companies, government institutions and Guinean citizens and communities around possible approaches to sustainable acceleration of mineral-based development.