Six more countries were designated as being in compliance with the standards of the Extractive Industries Transparency Initiative (EITI), the global standard for transparency in the oil, gas and mining sectors.
Added to the list during a conference in Paris were: The Central African Republic, The Kyrgyz Republic, Niger, Nigeria, Norway, and Yemen, for a total of 11 compliant countries.
In addition, Guatemala and Trinidad and Tobago were welcomed as new EITI candidate countries, bringing the total number of EITI implementing countries up to 35 (full list).
Outgoing EITI Chair Peter Eigen said: “In doubling the number of EITI Compliant countries, the standard has passed a significant milestone. As commodity prices climb, and the demand for greater information and accountability increases, the case for revenue transparency in the extractive sector is stronger than ever.”
Clare Short was elected as the new EITI chair at the conference. She is the former UK Secretary of State for International Development (1997-2003).
The conference was held March 2-3. New materials on the website include the EITI Progress Report 2009-2011.
Filed under: IFTI Watch