Moberg will discuss the current status and future of this voluntary initiative. His remarks will be followed by comments from Paulo de Sa Manager, Oil, Gas and Mining Policy Division. The World Bank provides funds and technical assistance to some of the countries implementing EITI.
The Extractive Industry Transparency Initiative (EITI) aims to increase the transparency of payment made by the oil, natural gas and mining industries to resource rich host governments. EITI strengthens governance by improving the dialogue between policymakers, extractive companies and citizens in these countries. Over 30 countries have agreed to implement EITI and two additional countries (Liberia and Azerbaijan) have been deemed compliant with EITI criteria. But 17 countries were not able to meet EITI deadlines to become compliant and asked for an extension. The EITI Board granted an extension for 16 countries. How will EITI supporters, candidate countries, and the World Bank respond?
Exxon Mobil Corporation has generously sponsored this forum.
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