The Annual Progress Report provides an overview of all EITI Timor-Leste's activities during 2018.
As of 1 January 2020, the EITI Standard requires that implementing countries request, and companies disclose, beneficial ownership information (Requirement 2.5). This requirement applies to companies that apply for or hold participating interests in a country’s extractive sector and requires disclosure of their beneficial owners, the level of ownership and details about how ownership or control is exerted. To achieve this Standard in most implementing countries, new legislation may be necessary to provide the government with authority to collect beneficial ownership information.
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Statement from the EITI International Secretariat
We note the BBC Panorama documentary “the $10 Billion Energy Scandal” on Sunday 2 June and subsequent statements regarding the Extractive Industries Transparency Initiative (EITI) Validation of Senegal.
Senegal was admitted as an EITI member country in October 2013. In accordance with the EITI Standard, all EITI implementing countries are subject to period evaluation (“Validation”). The Validation of Senegal commenced in July 2017.
The Board expressed its concern about the weakening of government engagement and MSG oversight in Liberia. Following a review in accordance with Requirement 8.6, the Board found that Liberia has made inadequate progress in implementing requirements related to government engagement (1.1), the multi-stakeholder group (1.4) and the work plan (1.5). Progress in implementing Requirement 1.3 on civil society engagement and Requirement 1.2 on company engagement is considered meaningful.
The Board acknowledged the adoption of the 2019 EITI Standard to be launched at the EITI Global Conference in Paris on 18-19 June.
Where: 42st Board meeting in Kyiv, Ukraine
Description: the Board acknowledges the adoption of the 2019 EITI Standard to be launched at the EITI Global Conference in Paris on 18-19 June.
Based on: Article 12, Articles of Association
The Annual Progress Report provides an overview of all EITI Papua New Guinea's activities during 2018