EITI Adds 6 Countries To ‘Compliant’ Status
The Extractive Industries Transparency Initiative said Wednesday that six more countries have achieved compliance status under its principles.
The Central African Republic, Kyrgyzstan, Niger, Nigeria, Norway, and Yemen bring the total number of countries designated as “EITI Compliant” to 11, the Oslo-based group said in a statement.
“In doubling the number of EITI Compliant countries, the standard has passed a significant milestone,” said outgoing chair Peter Eiger.
The other EITI Compliant countries are Azerbaijan, Ghana, Liberia, Mongolia and Timor-Leste. In addition, Guatemala and Trinidad and Tobago became candidate countries, bringing that list to 35.
The group, which counts governments, non-profits and companies as members, pushes for greater disclosure of payments to foreign governments by oil, gas and mining companies.
“These countries have made an enormous stride in good management of their natural resources,” said Eiger. “Whilst I warmly congratulate all the stakeholders involved in achieving this milestone, I remind them that the process does not stop here. Transparency alone will not guarantee sound management of extractive resources.”
In the statement, the group named Clare Short, a former U.K. secretary of state for international development, as its new chair.
Thanking Eiger for his efforts, Short said her key priority in the position “will be to ensure that the EITI standard really delivers improvements in the lives of the people of resource-rich countries.”
The Central African Republic, Kyrgyzstan, Niger, Nigeria, Norway, and Yemen bring the total number of countries designated as “EITI Compliant” to 11, the Oslo-based group said in a statement.
“In doubling the number of EITI Compliant countries, the standard has passed a significant milestone,” said outgoing chair Peter Eiger.
The other EITI Compliant countries are Azerbaijan, Ghana, Liberia, Mongolia and Timor-Leste. In addition, Guatemala and Trinidad and Tobago became candidate countries, bringing that list to 35.
The group, which counts governments, non-profits and companies as members, pushes for greater disclosure of payments to foreign governments by oil, gas and mining companies.
“These countries have made an enormous stride in good management of their natural resources,” said Eiger. “Whilst I warmly congratulate all the stakeholders involved in achieving this milestone, I remind them that the process does not stop here. Transparency alone will not guarantee sound management of extractive resources.”
In the statement, the group named Clare Short, a former U.K. secretary of state for international development, as its new chair.
Thanking Eiger for his efforts, Short said her key priority in the position “will be to ensure that the EITI standard really delivers improvements in the lives of the people of resource-rich countries.”
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