Peter Eigen: Validation deadlines are spurring activity to improve transparency

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Article
17 March 2010

Decisive period for the first wave of countries implementing the EITI

Author: Peter Eigen, Chairman, Extractive Industries Transparency Initiative (EITI)

9 March was the deadline for the first 22 countries that became EITI Candidates in 2008 to complete an independent EITI Validation, the EITI’s quality assurance mechanism...Only two countries – Azerbaijan and Liberia - met the deadline. However, it is abundantly clear that the Validation deadlines have worked to catalyse progress...In the last six months alone, the number of countries that have produced an EITI report has almost doubled to 21. Now almost all countries have asked for short extensions and are actively working to complete the validation process...The Validation process is revealing a lot about what the EITI has achieved in implementing countries...

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Author: Le Républicain [Mali]

Au cours d’une conférence de presse, l’Initiative pour la transparence des industries extractives (Itie) avait signalé les difficultés qu’elle rencontrait pour mener ses activités. Et pourtant la cause défendue est noble. L’Itie mentionne : ‘’nous soulignons l’importance, pour les gouvernements et les entreprises extractives, d’assurer la transparence, ainsi que la nécessité de renforcer la gestion des finances publiques et de faire respecter l’obligation de rendre des comptes... Elle souligne : ‘’ lorsque qu’il s’agit de trouver les solutions, nous considérons que toutes les parties prenantes, les gouvernements et leurs agences, les entreprises extractives, les sociétés de service, les organisations multilatérales, les organisations financières, les investisseurs et les organisations non gouvernementales doivent être impliquées ‘’... [Les] principes et critères de l’Itie sont encore loin d’être appliqués, puisque l’Itie se démène encore pour travailler dans un cadre favorable.

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Article
9 March 2010

Decisive Moment for Global Transparency Effort

Author: Human Rights Watch

Twenty of the 22 current candidates to join the Extractive Industries Transparency Initiative (EITI) have not fulfilled the basic requirements…To qualify to be considered "EITI compliant," countries must…publish at least one national report disclosing company payments and government revenues from the extractives sector and have in place a functioning national multi-stakeholder group that includes civil society participation…The EITI board…has the authority to grant additional time if the country demonstrates that its delays were due to "exceptional and unforeseen circumstances…Human Rights Watch…insist[s] that extensions be offered only once, and…countries failing to meet the revised deadline be automatically dropped.

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Article
9 March 2010

Decisive Moment for Global Transparency Effort - Most Countries Miss Deadline to Demonstrate Openness on Petroleum, Mining Revenues

Author: Human Rights Watch

An international initiative that seeks to promote more openness about how countries profit from their oil, gas, and mining resources [the Extractive Industries Transparency Initiative] should not weaken its modest membership standards because governments are unable or unwilling to meet them, Human Rights Watch said today.

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Article
9 March 2010

Landmark oil and mining transparency initiative faces credibility test as key deadline passes

Author: Global Witness

The Extractive Industries Transparency Initiative (EITI), a pioneering initiative to bring more openness to the world's oil and mining industries, faces a major credibility test after 20 out of 22 countries failed to meet a key deadline today..."The EITI Board must assess countries' requests for more time in a rigorous and transparent way that fits the EITI rules," said Diarmid O'Sullivan of Global Witness..."Some countries have made impressive progress but others have clearly been dragging their feet for several years. Any hint of special treatment towards the latter would undermine the credibility of the whole initiative," said O'Sullivan.

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Article
9 March 2010

Many countries failing test of political will to implement oil and mining industry anti-corruption initiative

Author: Oxfam International

Despite weak government capacity – as in many resource-rich countries – Liberia was able to be validated and achieve “compliant status” [in the Extractive Industries Transparency Initiative] in 2009, proving that even very poor, post-conflict countries can meet the deadline when EITI is strongly supported and promoted at the highest levels of government.

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Article
9 March 2010

Transparency Initiative Faces Crucial Test as Countries Struggle to Meet Deadline

Author: Revenue Watch

As 22 countries in the Extractive Industries Transparency Initiative (EITI) faced a deadline today for completing their national validation processes, the Revenue Watch Institute called for clear and consistent standards in the Initiative's response to the 20 countries whose validation work unfortunately remains incomplete.

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Article
7 March 2010

Peter Eigen: Validation deadlines are spurring activity to improve transparency

Author: Extractive Industries Transparency Initiative

Countries that implement the EITI are required to complete an EITI Validation process within two years of becoming an EITI Candidate country. Validation assesses whether a country has fulfilled all of its obligations to be considered EITI Compliant. Twenty Candidate countries have a Validation deadline of 9 March 2010. Two countries (Azerbaijan and Liberia) completed Validation in 2009 and were subsequently designated EITI Compliant. The EITI Board will meet in Berlin on 15-16 April to review progress with Validation.

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