EITI Newsletter 2009-03

Dear friends and partners of the EITI,

In this edition we highlight some of the recent developments in the EITI universe, among others Nigeria's launch of its second EITI Report and the enactment of new EITI Laws in Liberia and Norway.

As six new countries have been accepted as EITI Candidates so far in 2009, transparency of revenue flows from natural resources is gradually becoming part of mainstream business practices. The EITI supporting community continues also to grow. In this edition we report on that Switzerland, the Inter-American Development Bank, as well as the oil and gas companies GDF Suez and Santos all have joined as EITI Supporters. The recent efforts from the Obama Administration and US lawmakers to promote the EITI are also of great significance. "The solution starts with transparency", said US Secretary of State Clinton during her trip to Africa earlier this month, stating "African countries are starting to embrace this view through participation in the Extractive Industries Transparency Initiative".

This momentum will be tested over the next months when many countries are approaching the deadline for their first EITI Validation, the quality assurance mechanism of EITI implementation. There is encouraging news in many implementing countries, such as in Gabon where they are about to appoint their EITI Validator.

Much work remains ahead of us. We should all commend the many people who are working hard these days to make sure that their countries undergo EITI Validation.

As always we welcome your questions, comments and suggestions in our efforts to improve transparency in the extractive sector.

Best wishes,

Peter Eigen,
Chair of the EITI Board

 

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