Madagascar signed up to the EITI in 2008.
In June 2020, Madagascar’s Validation against the 2016 Standard found that it had achieved “meaningful progress with considerable improvements” in implementing the EITI Standard.
In accordance with the Validation procedure, the EITI International Secretariat is seeking stakeholder views on Madagascar’s progress in implementing the EITI Standard between June 2020 and July 2023.
We believe that a country’s natural resources belong to its citizens. Our mission is to promote understanding of natural resource management, strengthen public and corporate governance and accountability, and provide the data to inform policymaking and multi-stakeholder dialogue in the extractive sector. By becoming a member of the Extractives Industries Transparency Initiative (EITI), countries commit to disclose information along the extractive industry value chain – from how extraction rights are awarded, to how revenues make their way through government and how they benefit the public. Through participation in the EITI, more than 50 countries have agreed to a common set of rules governing what has to be disclosed and when – the EITI Standard. In each country that has joined the EITI, a multi-stakeholder group, composed of government, companies and civil society, supports implementation of the EITI Standard.