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Jonas Moberg, Head of Secretariat , Extractives Industries Transparency Initiative (EITI): Promoting accountability and good governance in extractive industries through transparency.
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www.eiti.org
December 1999
Africa's Oil DreamsTHURSDAY, MAY. 31, 2007 By ALEX PERRY
Petrol sellers in Lagos, Nigeria.
www.eitransparency.org
1997
Petrol is the best vector of corruption
www.eiti.org
Governance failure
Pressure/attention
Investigative reporting
Facilitation
Business case for actionNegotiation
Implementation
Quality assurance
Code/standard
There is hope Oct 9th 2008From The Economist print edition
Another promising new mechanism is the Extractive Industries Transparency Initiative, a voluntary code that a score of African countries have adopted, with governments and foreign firms accounting openly for their dealings..."
transparency
accountability
Award of licenses
&contracts
Regulation&
monitoring of operations
The EITI provides a Forum for dialogue and a Platform for broader reforms
RevenueDistribution
& Management
Implementation of Sustainable Development
olicies
Government Spending
Companies Disclose
Payments
Government Discloses Receipt
of Payments
Independent reconciliation
of Tax & Royalty
Payments”EITI report”
Oversight by aMulti-Stakeholder
Group
How the EITI works
o 30 Implementing Countries across Africa, Asia, Latin America, Middle East and Central Asia
o 42 major international oil, gas, and mining companies
o 80 institutional investors with collective assets of over $16 trillion
o 100s of civil society groups and networks – e.g. Publish What You Pay, Open Society/Revenue Watch Institute, Transparency International
o Supporting Countries, including Australia, Canada, France, Germany, the Netherlands, Norway, the UK and the US
EITI in 2009
Implementing Countries
EITI
The EITI has been politically endorsed by many Governments and in many forums
The AU, EU, UN, G8, G20,..
EITI
Ellen Johnson SirleafPresident of Liberia
“The Liberia EITI is one of the institutional pillars of integrity anchoring and sustaining the reform agenda of Liberia.”“By promoting better management and use of public resources and discouraging corruption, LEITI … is critical to poverty reduction and social development in Liberia.”
July 2009, when signing the new LEITI law
Ngozi Okonjo–IwealaFormer Minister of Finance, Nigeria
“[NEITI] has lifted Nigeria’s profile in the eyes of investors and helped lead to significant increases in FDI not only in the oil sector (about US$ 6 billion a year) but also in the other non-oil sectors US$3 billion”.
January, 2008
• It can be a platform for long-term reform• From transparency to accountability • To fight corruption – maybe• To build trust and confidence
- definetely • It takes time, although it doesnt have to
Lessons/challenges
www.eiti.org
• The EITI is a start, only• Deepening, validation and beyond• Widening, Jakarta and beyond
Lessons/challenges
More at:
...and video.
www.eiti.org
Jonas Moberg, Head of the EITI Secretariat
Award of licenses
&contracts
Regulation&
monitoring of operations
The EITI provides a Forum for dialogue and a Platform for broader reforms
RevenueDistribution
& Management
Implementation of Sustainable Development
olicies
Government Spending
Companies Disclose
Payments
Government Discloses Receipt
of Payments
Independent reconciliation
of Tax & Royalty
Payments”EITI report”
Oversight by aMulti-Stakeholder
Group
How the EITI works
