In 2015, commodity trading practices in Indonesia were thrown into crisis when fraudulent practices involving Petral, the trading arm of state-owned petroleum company Pertamina were uncovered. The fraud involved overpricing of commodities which led Pertamina to pay imports at almost three times their real value, as well as deviating from proper bidding processes to limit competition and favour a few select traders.
It has been 10 years since the Extractive Industries Transparency Initiative (EITI), a global standard towards good governance in the extractive industries, came into effect. During this decade, the EITI has expanded to all regions of the world and its impact has deepened in each of the links of the value chain of the extractive sector. With the update of the EITI standard in 2013, it is no longer merely a matter of reconciling corporate payments with government revenues.
Delegates of thirteen French-speaking African countries, which are implementing the EITI, offered examples of the results and impact of the EITI in their respective countries
As pointed out at the opening ceremony of the meeting by Eddie Rich, Deputy Director of the EITI International Secretariat: "The countries of French-speaking Africa have made much progress on transparency". He recalled that African countries were among the first to join the EITI,
At the EITI Opening Up Ownership Conference, I facilitated a session on standards for beneficial ownership data in the context of the open data and open government movements. I was joined by Antya Widita, the Web Foundation's Data Lab Manager in Jakarta and Malick Tapsoba, Head of the Burkina Faso Open Data Initiative. Alongside these two open data experts, we were lucky to be joined by Yanuar Nugroho, the Deputy Chief of Staff, Office of the President,
Hear those drums? That’s the sound of a warm Zambian welcome to the 2017 EITI peer-learning workshop for Anglophone and Lusophone Africa
On 21-23 November 2017, representatives from ten EITI countries in Anglophone and Lusophone Africa took part in three days of peer-learning, sharing experiences and helping each other find what works and what could work better when using the EITI to improve resource governance.
Four years into Senegal’s EITI implementation, it’s important not to lose sight of the forest for the baobab trees
Senegal has led the way in improving the coverage and reliability of its EITI reporting, while seeking to make this information accessible to as broad a cross-section of the public as possible. As EITI Senegal works to integrate this transparency into routine government systems,
Last week, the United States decided to withdraw from implementing the EITI. The letter announcing the decision stated that “While the U.S government remains committed to fighting corruption in the extractives industry sector, and the ideals of the transparency enshrined in the EITI Principles and the EITI Standard, it is clear that domestic implementation does not fully account for the U.S legal framework”.
On 31 December 2017, an important provision of the 2016 EITI Standard comes into force. It requires implementing countries to make their EITI data available in open data formats. This is quite easily achieved and an important step in ensuring that EITI data is publicly accessible and contributes to public debate.
The below is based on a speech given by Fredrik Reinfeldt, Chair of the EITI, at the opening plenary of the Opening Up Ownership Conference in Jakarta.
It is a great pleasure to welcome you all to the Opening up Ownership conference. This Conference is a milestone in the global fight against corruption.
When the Panama Papers scandal broke in March 2016,
The below is based on a speech given by HE Prof. Yemi Osinbajo, Vice President of the Federal Republic Of Nigeria at the opening plenary of the Opening Up Ownership Conference in Jakarta.
I am honoured to have the privilege of addressing you at this important event. Let me start by commending President Joko Widodo and the government and the people of Indonesia for graciously hosting this conference, and for their remarkable hospitality since we arrived.