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Article

1 Oct 2006

Author:
Publish What You Pay / Revenue Watch Institute

[PDF] Eye on EITI: Civil Society Perspectives and Recommendations on the Extractive Industries Transparency Initiative

Twenty-one governments of resource-rich countries in Africa, Asia, Latin America, and Central Asia have endorsed the initiative and the International Advisory Group (IAG) has developed many of the necessary guidelines, criteria, and governance structures. However, an analysis of progress by the PWYP [Publish What You Pay] coalition shows that there is great room for improvement. Of the 21 endorsing countries: • Two have published fully audited and reconciled EITI reports. • Eight have yet to take even the initial step of appointing an individual to lead the EITI process. • Ten have not yet formed the required multi-stakeholder committee. • Eleven do not have a drafted and approved work plan. In order that further progress is made in improving financial transparency in the extractive industries and ensuring this translates into improved accountability and use of revenues, PWYP calls on all the stakeholders of the EITI to:...[14 recommendations follow] [report refers to Shell, ExxonMobil, Chevron, Statoil, Norsk Hydro, Talisman]