At the 1st session of the US Senate Foreign Relations Committee, Senator Richard Lugar (R-IN) stated that he is preparing to introduce legislation to include US implementation of the EITI with bipartisan co-sponsors, including Senator Cardin (D-MD).
US Secretary of State Hillary Clinton said on her visit to Liberia that President Sirleaf's administration is taking action to increase transparency with a strong Anti-Corruption Commission at the center of efforts to rebuild from years of civil war.
Moberg will discuss the current status and future of this voluntary initiative. His remarks will be followed by comments from Paulo de Sa Manager, Oil, Gas and Mining Policy Division. The World Bank provides funds and technical assistance to some of the countries implementing EITI.
Panel Discussion Lunch
Friday May 21, 2010 12:30-2:00pm
Alfredo Okenve Ndo
Co-Founder and Secretary-General of the Centro de Estudios e Iniciativas para el Desarrollo; Representative on the National Commission Extractive Industries Transparency Initiative
This hearing will focus on programs that support revenue transparency such as the Extractive Industries Transparency Initiative (EITI) and their ability to improve human rights in resource-rich countries. One of the hallmarks of EITI is the equal seat that civil society is given at the table with government and industry through the multi-stakeholder working group.
Panel Discussion: Senate Foreign Relations Staff Report on
The Petroleum and Poverty Paradox:
Assessing U.S. and International Community Efforts to Fight the Resource Curse
<p>The US Commission on Security and Cooperation in Europe (US Helsinki Commission) said 22 April that the Extractive Industries Transparency Initiative (EITI) is a model for addressing the challenges seen when governments receive a windfall of revenue from their resources but fail to pass that benefit to their citizens.
On 27 April the United States Senate Foreign Relations Committee approved the Foreign Relations Authorization Act, which included policy language on extractive industry transparency.