Most minerals have seen a decline in market prices of 40-50% in recent months as the global economic slowdown reduces demand from industry. One could ask, "Does the quest for more transparency help to mitigate the negative effects of this collapse?"
A growing number of parlamentarians around the globe are recognising the need for increased transparency and that legislative action can play an important role towards that end. Parlamentarians have already played an instrumental role in calling for and mandating the EITI standard in many countries.
To improve use of resource revenues, EITI needs use its voice as well as its rules, writes Diarmid O'Sullivan.
Yemen was in the news again today. When the country’s delegation got the news that that the EITI Board declared their country one of the six newest ‘EITI Compliant’ countries—indeed the first EITI Compliant country in the deeply troubled Middle East—they were ebullient.