As we approach half-way through 2010, it is proving to be as momentous for the EITI as expected. Although most of the 22 first EITI countries did not complete the validation of their EITI processes by their deadlines, eyes are now turned towards those granted short extensions to complete by September.
It is with regret that we have received the decision from the Government of Azerbaijan announcing that they are withdrawing from the EITI.
The EITI Chair, Fredrik Reinfeldt, former Prime Minister of Sweden, commented:
The international credit rating agency Fitch Ratings has announced that they have upgraded Azerbaijan's sovereign credit ratings.
The EITI Secretariat monitors on a daily basis global media for mentions of the EITI. Below are some of the articles from the past month that the EITI Secretariat has picked up.
BAKU, 15 OCTOBER 2009 The Board of the EITI (Extractive Industries Transparency Initiative) held its 10th meeting in Baku, Azerbaijan on 14-15 October 2009.
The first day of the EITI conference got off to a busy start with nearly 400 participants in attendance. During the 7th EITI International Board meeting held, the Board discussed whether to accept Azerbaijan as the first EITI Compliant country and the approval of Tanzania as a Candidate country.
The 4th EITI Global Conference ended on a high note with a large number of new endorsements and commitments. During the final session of the EITI conference all stakeholders were invited to address the assembly. A number of EITI candidate countries re-affirmed their commitment to implementing the EITI. H.E.