Myanmar has appointed a high-level committee to recommend reforms to its natural resource sector, a major step towards adopting global standards on governance of its extractive industries. The Extractive Industry Transparency Initiative Leading Authority…must report back by the end of 2013 on ways to improve the management and sustainability of Myanmar’s natural resources…[and was]…also…asked to develop a strong investment environment for natural resources and to foster public-private sector dialogue. Myanmar is rich in…resources…[and] has said it wants to sign the EITI…The EITI called Myanmar’s decision…“an important milestone towards requiring transparency of its oil and gas revenues”…Revenues from oil and gas already represent the largest source of the country’s foreign income.