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Albania, Burkina Faso and Kazakhstan found to have achieved meaningful progress under the EITI Standard.
EITI applauds countries progress, after first Validation 12 months ago.
 
Albania EITI Status: Meaningful
 
The Board congratulated the Government of Albania and Multi-Stakeholder Group (MSG) on the progress made 'in improving transparency and accountability in the extractive industries by using the process to address local concerns, both through active dissemination and outreach efforts and by expanding the scope of EITI reporting to the hydro-power sector'. EITI reporting of delayed subnational mining revenue transfers led to legal reform and gradual clearing of arrears in transfers to local governments, enabling greater benefits for the local communities.
 
Fredrik Reinfeldt, Chair of the EITI, said:
 
The EITI has achieved a lot in Albania. I hope that further progress can help the governments efforts to accede to the European Union. The Board encourages improvements in the disclosures of transactions related to state-owned enterprises in order to address existing transparency gaps.
 
View the full Validation news item  
View the Validation score card and documentation
 
Burkina Faso EITI Status: Meaningful
 
The Board concluded that the country had made meaningful progress in meeting the EITI requirements. The Board welcomed recent reforms to improve the governance of the sector through better reporting and stronger oversight over the redistribution of revenues to local communities.  
 
Fredrik Reinfeldt, Chair of the EITI, said:
The government of Burkina Fasos commitment and success in achieving transparency in the extractive sector in a period of political turmoil is admirable. I hope that the government will continue to publish this data in its own systems rather than in standalone reports.
 
View the full Validation news item  
View the Validation score card and documentation
 
Kazakhstan EITI Status: Meaningful
 
In making their decision, the Board highlighted how the Government of Kazakhstan and the National Stakeholders Council (NSC) have made progress in improving transparency and accountability in the extractive industries by providing timely and reliable information to the public, including civil society, media and affected communities. The Board also took note of how Kazakhstan has gradually expanded its EITI reporting in response to demands for more information, including on local content, social investments and transportation of oil, gas and minerals.
 
Fredrik Reinfeldt, Chair of the EITI, said:
I am delighted to see how the EITI in Kazakhstan serves as a forum for responding to public demand for information about the countrys oil, gas and mining sector. I urge the government and the National Stakeholders Council to implement the recommendations from Validation and preserve the space for dialogue between government, companies and civil society.
 
View the full Validation news item  
View the Validation score card and documentation
 
_________________

Mongolia and Timor-Leste found to have achieved EITI requirements for governance in the extractive sector

EITI applauds countries progress.

Mongolia EITI status: Satisfactory
Timor-Leste EITI status: Satisfactory
 
Mongolia and Timor-Leste have been assessed against the 2016 EITI Standard for the second time in a process called Validation which evaluates a country's progress in improving transparency and extractive sector governance. The results are presented in a colour-coded score card system.
 
The EITI Standard requires countries to disclose a wealth of detailed information on issues such as tax payments, licenses, contracts, production figures and the role of national oil companies. Both countries were deemed to have achieved satisfactory progress, after addressing corrective actions set 12 months ago by the EITI Board.  The status of a country against the EITI Standard is an indicator of its commitment and progress to good governance in the sector, informed public debate and a desire to improve the investment climate.
 
Fredrik Reinfeldt, Former Primer Minister for Sweden and EITI Chair, said:
 
The EITI Standard is tough but achievable. Mongolia and Timor Leste join the Philippines as the first countries to meet all the EITI requirements. This is a major indicator of a well managed extractive sector.
 
The Board also came to a historic agreement to require that countries plan to focus on disclosing data systematically in their own systems, rather than just in EITI systems.
 
Jonas Moberg, Head of the EITI International Secretariat, said:
 
EITI countries are now going through their second Validations and have made significant progress in bringing transparency to their oil, gas and mining sectors. These second Validations have shown that the process works and countries can successfully reform their sectors and progress against the Standard. Three other countries went through their first Validation and were deemed to have achieved meaningful progress and a set of corrective actions have been given by the EITI International Board. National governments, companies and civil society are now encouraged reflect on this information and work together to bring further reform.
 
View the full Validation news item for Mongolia and Timor-Leste
View Timor-Lestes scorecard and Validation documentation
View Mongolias scorecard and Validation documentation
 
 
Notes
 
Validation is the EITIs independent evaluation mechanism. All five countries have been acknowledged to have gone beyond the EITI Standard in some areas. Each country has received a set of corrective actions which must be met within the next twelve months, in order to keep or improve their current status. These corrective actions are in the public domain.
The EITI is a coalition of governments, companies, civil society groups, investors and international organisations. Learn more at www.eiti.org.
EITI is chaired by Fredrik Reinfeldt. Mr Reinfeldt was the Prime Minister of Sweden (2006-2014).
51 countries are members of the EITI. Three countries have made satisfactory progress with the 2016 EITI Standard. See the list of countries at www.eiti.org/countries.
See here for a full explanation of the various levels of progress under the EITI Standard.

Source: EITI International Secretariat
21 2018 | View: 113 | Press Releases | Printint version
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