EITI briefing 19102009
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EITI briefing 19102009
- 1. Briefing to the Joint Finance Committee, Tanzania Oslo, 19 October 2009
- 3. 1997
- 4. Petrol is the best vector of corruption
- 5. Africa's Oil DreamsTHURSDAY, MAY. 31, 2007 By ALEX PERRYPetrol sellers in Lagos, Nigeria. www.eitransparency.org
- 6. Governance failure Pressure/attention Investigative reporting Code/standard Implementation Facilitation Quality assurance Business case for action Negotiation www.eiti.org
- 7. There is hope Oct 9th 2008 From 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..."
- 8. TRANSPARENCY
- 10. Companies Disclose Payments Government Discloses Receipt of Payments Government Spending Independent Verification of Tax & Royalty Payments Award of licenses & contracts Regulation & monitoring of operations Revenue Distribution & Management Implementation of Sustainable Development olicies How the EITI works Oversight by aMulti-Stakeholder Group The EITI provides a Forum for dialogue and a Platform for broader reforms
- 12. 42 major international oil, gas, and mining companies
- 13. 80 institutional investors with collective assets of over $16 trillion
- 14. 100s of civil society groups and networks – e.g. Publish What You Pay, Open Society/Revenue Watch Institute, Transparency International
- 18. EITI Other Publications ...and video.
- 19. 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
- 20. The EITI has been politically endorsed by many Governments and in many forums
- 21. The AU, EU, UN, G8, G20,..
- 23. From transparency to accountability
- 24. To fight corruption – maybe
- 25. To build trust and confidence - definetely
- 27. Deepening, validation and beyond
- 28. Widening, Jakarta and beyondwww.eiti.org
- 29. More at: ...and video. www.eiti.org Jonas Moberg, Head of the EITI Secretariat Jmoberg@eiti.org