Validation

On 8 March the Chair of the EITI Board, Peter Eigen, issued the following statement:

“In recent months a tremendous amount of work has been done to improve transparency in the extractive sectors of many countries. Among the reasons for the increased activity has been EITI Candidate countries’ goal to be recognised as EITI Compliant under the Initiative's international rules and principles.

Equatorial Guinea, currently an EITI Candidate country, held the 7th meeting of the EITI National Commission, the EITI multi-stakeholder group in the country, on 30 January. The Commission, chaired by Finance Minister Melchor Esono Edje, took important decisions for the advancement of the implementation process in EG: Hart Nurse Limited was chosen to conduct the EITI Validation, the local communication firm “Media Communications” was selected to ensure the dissemination of the first EITI report.

22 EITI Implementing Countries have a Validation deadline of 9 March 2010. Azerbaijan and Liberia have already completed Validation, but the others have just three more months. With this in mind, there has been a surge in Validation activity. Gabon, Kazakhstan, and Mongolia are currently conducting Validation studies. Ghana, Nigeria and Timor Leste have selected a Validator and are expected to begin to work shortly. A number of other Candidate countries are conducting procurement processes to select a Validator.

BAKU, 15 OCTOBER 2009  The Board of the EITI (Extractive Industries Transparency Initiative) held its 10^th meeting in Baku, Azerbaijan on 14-15 October 2009. During the meeting the Board designated Liberia as EITI Compliant, stating: “The Board congratulates the Government of Liberia and all the other stakeholders on the impressive progress made implementing the EITI. “

File: 

2009-10-15 Press Release - Liberia designated EITI Compliant by the EITI Board.pdf

On behalf of the Board of the Extractive Industries Transparency Initiative (EITI), the International EITI Secretariat seeks applications from suitably qualified service providers to be accredited to undertake EITI Validation. The EITI sets a global standard for transparency in the extractive industries.  It supports improved governance in resource-rich countries through the verification and full publication of company payments and government revenues from oil, gas and mining.