Briefing to the Joint Finance Committee, Tanzania Oslo, 19 October 2009
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Briefing to the Joint Finance Committee, Tanzania
Oslo, 19 October 2009
December 1999
1997
Petrol is the best vector of corruption
Africa's Oil DreamsTHURSDAY, MAY. 31, 2007 By ALEX PERRY
Petrol sellers in Lagos, Nigeria.
www.eitransparency.org
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
&contract
s
Regulation&
monitoring of
operations
The EITI provides a Forum for dialogue and a Platform for broader reforms
RevenueDistribution
& Manageme
nt
Implementation of
Sustainable
Development olicies
Government Spending
Companies Disclose
Payments
Government Discloses Receipt
of Payments
Independent Verification of Tax & Royalty
Payments
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 Other Publications
...and video.
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
The EITI has been politically endorsed by many Governments and in many forums
The AU, EU, UN, G8, G20,..
• 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
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