This EITI Report covers Madagascar's extractive sector in 2015. It was published in April 2018.
Fredrik Reinfeldt has informed the EITI Board that he is not seeking a second term as EITI chair when his first three-year mandate runs out next year. The changeover will take place at the EITI Global Conference in 2019.
The EITI Board approved the recommendations of the Implementation Committee related to beneficial ownership.
Description: The EITI Board approved the recommendations of the Implementation Committee related to beneficial ownership, as laid out in section 4 of Board Paper 36-4-A, with the exception of (iv) Scope of the beneficial ownership requirements. Here the Board tasked the Implementation Committee to continue working on clarifying ambiguities in the EITI Requirements related to the scope of beneficial ownership reporting as highlighted.
Recommendations approved by the Board:
Recognizing the importance of improving transparency and accountability in the extractive sector, advantage of working together with multi-stakeholder groups & the outcome of their engagement in the overall operation of EITI, the Government has showed its commitment to be open and facilitate fertile environment and to accommodate interested actors and then resumed applying EITI since 2009 and strongly continued extending the objective of the initiative across the country following the designation of the country as a candidate in March 2014.Since then,
The law replaces an earlier code from 2002. It raises royalties on minerals and removes a clause that protected miners from changes to the fiscal and customs regime for 10 years.