News

Together with Guyana, two countries in the Americas set to implement the EITI

Mexico and Guyana have submitted EITI candidature applications to be considered by the EITI Board in Manila on 25-26 October.

Mexico – consolidating transparency through the EITI

In 2013 Mexico passed a constitutional reform to allow, for the first time in almost a century, private investment in the Mexican oil and gas sector.

The EITI Board congratulates the Philippines on its achievement, noting the impact of the EITI in generating reforms.

5 October 2017 – The Philippines’ was today assessed as the first country to meet all the requirements of the EITI Standard. The decision was made by the EITI Board, who noted the pioneering efforts in using EITI data to drive government reforms and generate a vibrant public debate. 

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The EITI with the Government of Indonesia and partners, is proud to present the International Beneficial Ownership Transparency Conference: “Opening up ownership – sharing practice, building systems” in Jakarta, Indonesia on 23-24 October 2017. The objective of this conference is to bring together government representatives working on beneficial ownership reform to showcase best practices so far, discuss challenges,

The Selection Criteria and Process of Civil Society Representatives to the EITI International Board

The Board of the Extractive Industries Transparency Initiative (EITI) is comprised of representatives from each Constituency engaged in the EITI – governments of supporting and implementing countries, extractive companies and investors, and civil society organisations. As per the EITI standard each Constituency organises its own selection of representatives (i.e. nominations) for the EITI Board.

Need for trust and reliable data higher than ever in the midst of controversial mining sector reforms.

Just days after Tanzania’s 2014/15 EITI Report was published in end of June, the Tanzanian government passed laws with significant implications for extractive sector governance in the country (including the Natural Wealth and Resources Contracts Bill, the Natural Wealth and Resources Bill and the Written Laws Act).

The Extractive Industries Transparency Initiative (EITI) is committed to financial transparency. The EITI’s International Management* has just been awarded the five-star rating for fully disclosing the sources of its funding.

The accreditation comes from transparify, an organisation that analyses and rates the financial transparency of non-profit organisations worldwide. In its category (EU countries excluding the UK),

The Natural Resource Governance Institute (NRGI) has released its latest resource governance index (RGI), assessing the governance of the extractive sector in 81 resource-rich countries.

Commenting on the index, Eddie Rich, Deputy Head of the EITI said:

“The Resource Governance Index is an important tool for assessing how well the sector is governed in each country. It complements and will strengthen the work of the EITI in the 52 countries now implementing the Standard.

Liberia undergoes first EITI Validation under the EITI Standard and demonstrates meaningful progress despite Ebola disruption.

Wednesday 24 May 2017 – Liberia was one of the first countries to begin implementing the EITI in 2005.  Liberia’s recent Validation has demonstrated “meaningful progress” in implementing the EITI Standard. The decision was made on Wednesday by the EITI Board,

EITI implementation has proved resilient despite political instability and terrorist attacks.

Wednesday 24 May 2017 - The EITI Board has concluded that Mali has made meaningful progress in implementing the EITI Standard. The Board reached this decision following a Validation process. Validation is the EITI’s independent quality assurance mechanism and includes an extensive consultation of stakeholders.

View full decision including the scorecard and supporting documentation

The EITI Board today approved Suriname’s EITI candidature application.

Fredrik Reinfeldt, Chair of the EITI, today welcomed Suriname as a new member of the EITI family.

He said: “We hope that the EITI will help Suriname to ensure that its natural resources are used for the development of the country”.

The EITI in Suriname creates a platform for the government, companies and civil society to contribute to ensuring good governance of the abundant natural resources.

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