News

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.

Minister of Energy and Water “crashes” EITI workshop in Beirut. “We’re serious about this process. We are not looking for a rubber stamp”.

“Sometimes you invite a minister to an event and they end up cancelling in the last minute”, said EITI Regional Director Pablo Valverde at a recent workshop in Beirut. “You don’t often see the opposite, a minister showing up to a workshop without an invitation!”

Newly appointed Minister of Mines and Petroleum Nargis Nehan prepares to tackle lack of development in the sector.

Speaking to Deputy Head of EITI Eddie Rich in Kabul on Wednesday, President Ashraf Ghani reflected on the importance of reforming the extractive sector in Afghanistan:

“Agriculture may be critical for stability in our country, but mining and hydrocarbons will be critical to prosperity. We need to find a way to develop the sector in a sustainable, long-term manner”.

Formalising the sector facing challenges.

The extractive sector in Madagascar contributed USD 61 million to the economy in 2014 according to the country’s recently published EITI 2014 Report. The sector accounts for 30% of total exports and 4% of GDP. The vast majority of revenue comes from the mining sector (USD 56 million) with the rest from petroleum. But it is the informal mining sector that employs the most people – up to 500 000  according to the Report.

With ten years’ experience, EITI Niger can now leverage reforms to improve the accountability of its extractives governance.

As Niger takes stock of the impact of the past decade of EITI implementation, it has the opportunity to assess whether the EITI is meeting the public’s demands for information. Rather than ever-expanding EITI Reports, there is an opportunity to open up government systems to ensure that the information most in demand is available regularly and routinely.

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