For the following 9 countries, the Board has asked for additional information by the end of 2007 before a decision about their candidate status can be considered: Chad, Democratic Republic of Congo, Equatorial Guinea, Madagascar, Republic of Congo, Sao Tome and Principe, Sierra Leone, Trinidad and Tobago, and Timor-Leste.
27 September 2007, Press Release, Norwegian Ministry of Foreign Affairs
“Norway wants to be at the forefront of the international effort to combat corruption. Our role as a driving force in the EITI is an example of this. Until now, Norway has given the initiative financial and political support. We will now implement the EITI Principles fully. We will ourselves do what we ask other countries to do.
OILY BRIEFS, By Bayo Adaralegbe, email:email@example.com://www.thisdayonline.com/nview.php?id=87507
The law sets up a very elaborate framework for revenue transparency and actually imposes criminal sanctions to ensure that accurate payments are made to government. In fact, it imposes criminal liability against companies and regulatory officers in respect of non-payment or underpayments of these revenues.
Liberia celebrated the launch of its Extractive Industries Transparency Initiative in Liberia (LEITI) at Monrovia City Hall on July 10th. The event was presided over by Liberia’s President, her Excellency Ellen Johnson-Sirleaf, who formally launched the LEITI. Statements were also made by several Cabinet Ministers, other government representatives, civil society, the private sector, and international development partners including the African Development Bank.
The publication of Azerbaijan’s fifth EITI report follows the signing of a Memorandum of Understanding on November 24, 2004 between the Government of Azerbaijan, foreign and local extractive industry companies and a coalition of some 90 local Non-Governmental Organisations for Increasing Transparency in Extractive Industries to implement EITI in Azerbaijan.