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.
On 22 March 2010 the Democratic Republic of Congo launched its first EITI report. This marks the first time figures of the tax revenue from DRC's natural resources are made publicly available. The launch of the first EITI report was hailed as an important step towards improving transparency and accountability in DRC's management of natural resources.
BERLIN, 16 APRIL 2010. The Board of the Extractive Industries Transparency Initiative, the international standard for improved transparency in countries’ natural resource sector, met in Berlin 15-16 April. The Board discussed the request of 17 of the 32 countries currently implementing the EITI to extend their deadline for completing EITI Validation.
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.
G-8 leaders meeting in Muskoka in Canada on 25-26 June urged EITI candidate countries to complete EITI implementation to enhance governance and accountability in the extractive sector.