EITI reaffirms its leadership on revenue transparency

Board agrees how to require project-by-project reporting and decides the status of seven countries.

Thursday 9 March, Bogota – The EITI Board today decided how the EITI is requiring that reporting has to be done at project level in the 51 implementing countries. With this decision, the EITI remains the leading standard for transparency in revenues.

EITI Bogota Board meeting: Day 2

Although no two Board meetings are ever alike, difficult discussions to find consensus on particularly challenging issues are as part of the EITI as any requirement in the Standard. At the Board level – just as in implementing countries – the EITI is a platform for stakeholders to find consensus on what can, in some case, be quite contentious issues.

The EITI Board welcomes Armenia to the EITI family

Armenia becomes the 52nd country to implement the EITI.

The EITI Board today approved Armenia’s EITI candidature application.

Armenia is a landlocked country situated in the southern Caucasus and bounded by Azerbaijan, Georgia, Iran and Turkey. The mining sector is the fastest growing part of the Armenia’s economy. According to the Centre for Responsible Mining, the mining industry contributed just less than 5% to country’s GDP in 2013[1].

EITI Bogota Board meeting: Day 1

Reaffirmation of EITI project level reporting: The greater the detail – the stronger the impact

EITI Board members and around 70 stakeholders gathered on 8 March in Bogotá, Colombia for the 36th EITI Board meeting to discuss progress in implementing the EITI in 51 member countries.

Figures to benefits: what we have achieved in a year

The 2017 EITI Progress Report presented at the meeting highlights the most impressive case-studies among the member countries and captures impact

Managing expectations in São Tomé and Príncipe

The African island nation makes meaningful progress and is making information about the nascent petroleum sector available to the public.

Wednesday 8 March - The EITI Board declared that São Tomé and Príncipe has made meaningful progress in implementing the EITI Standard. Validation is the EITI’s independent evaluation mechanism.

View the full decision including the scorecard and supporting documentation

Kyrgyz Republic: EITI reawakened

EITI Validation points the way forward for the new national body. 

Wednesday 8 March 2017 – Today the international EITI Board agreed that the Kyrgyz Republic has made progress overall against the EITI Standard but significant areas of concern needed to be addressed. Having been compliant with the EITI Rules since 2011, this is the first time Kyrgyz Republic is tested against the EITI Standard.

Mauritania continues to strengthen extractive industry governance

First Validation under the EITI Standard concludes meaningful progress, but more is needed.

Wednesday 8 March 2017 - The international EITI Board today recognised Mauritania’s efforts to improve natural resource governance through the EITI Standard. The Board concluded that the country had made meaningful progress against the Standard.

Validation is the EITI’s independent evaluation mechanism.

View the full decision including the scorecard and supporting documentation

Tajikistan EITI assessment identifies issues that deter foreign direct investments

EITI Validation concludes some progress but much work remains to be done.

Wednesday 8 March 2017 – Tajikistan’s efforts to improve its natural resource governance through the EITI Standard were discussed today by the international EITI Board. The Board agreed that Tajikistan has made progress overall in implementing the 2016 EITI Standard but that significant areas of improvement remain.

EITI assessment identifies mining governance shortfalls in Solomon Islands

Board concludes that the country has made inadequate progress against the Standard. 

Wednesday 8 March - The EITI Board has assessed that the Solomon Islands has made inadequate progress in implementing the EITI Standard. Consequently, the country is suspended from the EITI and must undertake corrective actions. This decision was made by the EITI Board on 8 March 2017 at its meeting in Bogota.