Republic of the Congo’s 2014 EITI Report helps account for oil-backed infrastructure loans.

In an oil rich economy, oil proceeds become more precious to a country even as production dwindles and global prices slump, 90% of Congo-Brazzaville’s exports and 60% of its GDP comes from its oil.  Its EITI Report now accounts for a sizable share of oil revenue that does not pass through the Treasury.

Board concludes that the country has made inadequate progress against the Standard. 

Wednesday 8 March - The EITI Board has assessed that the Solomon Islands has made inadequate progress in implementing the EITI Standard. Consequently, the country is suspended from the EITI and must undertake corrective actions. This decision was made by the EITI Board on 8 March 2017 at its meeting in Bogota.

EITI Validation concludes some progress but much work remains to be done.

Wednesday 8 March 2017 – Tajikistan’s efforts to improve its natural resource governance through the EITI Standard were discussed today by the international EITI Board. The Board agreed that Tajikistan has made progress overall in implementing the 2016 EITI Standard but that significant areas of improvement remain.

Progress delayed by challenges of confidentiality agreements.

The EITI Board suspended Timor-Leste for failing to publish an EITI Report by 31 December 2016. The suspension will take effect immediately.

In taking this decision, the Board recognised the Government’s consistent commitment to the EITI. However, the publication of the 2014 EITI Report was delayed by prolonged discussions by stakeholders on reporting procedures and confidentiality agreements between the Independent Administrator

EITI process leading to improvements in information and disclosure

Burkina Faso, which literally means the land of “honest people”, has implemented a flurry a reforms in the last two years to improve the governance of its mining sector. A National Mining Commission was created in January 2014 and a transition government adopted a new mining code in June 2015. The new code encourages companies to create plans that maximise local content and the inclusion of local businesses.

Hit by a triple whammy of Ebola, falling commodity prices and low currency, the 2014 SLEITI report reveals the role of extractives in a challenging year

2014 marked the outbreak of the deadly Ebola epidemic that took over 3000 lives in Sierra Leone. The outbreak affected not only social and political activities but also disrupted economic activities.

The purpose of the meeting was to discuss Azerbaijan’s EITI implementation.

Wednesday 1 February 2016 – EITI Chair Fredrik Reinfeldt met with President Ilyam Aliyev during his visit to Baku today. The purpose of the meeting was to discuss Azerbaijan’s EITI implementation. Fredrik Reinfeldt also met with members of the Coalition of Azerbaijan’s Non-Government Organisations

Fredrik Reinfeldt after the meeting with the President:

On 14 February 2017 the President of the United States Donald Trump signed into law Congressional action to disapprove the rule submitted by the SEC relating to "Disclosure of Payments by Resource Extraction Issuers" required by section 1504 of the Dodd Frank Act. The outlook and implications are unclear. There may be further efforts by the SEC to redraft the rule, but also efforts to repeal or amend the Dodd Frank Act.  

Ahead of the vote, the EITI Chair made the following statement:

Country moves to establish good governance before significant production 

On 25 January 2017, Lebanon announced its intention to join the Extractive Industries Transparency Initiative (EITI) with the aim of providing transparency and good governance in preparation for their first oil and gas licensing round. Speaking at a news conference, Minister of Energy and Water, Cesar Abou Khalil, said: ‘At the beginning of the new term, transparency is our main focus’.

EITI Report responds to pressing mining issues in the Philippines

With reforms underway, the recent publication of the 2014 Philippine EITI Report contains important findings on the mining sector’s contribution to the economy both at the national and local levels. It complements and informs other reviews of the sector.