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G20 leaders confirm support of the EITI

In the final declaration from the G20 summit in Cannes, France, the Group of 20 leaders reiterated their support to the EITI. The G20 leaders stated that corruption is a major impediment to economic growth and development, and that disclosure of payments and revenues is one way to empower citizens and contributes to reducing poverty.

In the G20 final declaration, published 4 November 2011, the leaders state:

87. We welcome initiatives aimed at increasing transparency in the relationship between private sector and government, including voluntary participation in the Extractive Industries Transparency Initiative (EITI).

This declaration confirms G20 leaders' support of the EITI, first announced in the G20 Leader’s Statement from their meeting in Pittsburgh in 2009.