Jonasmobergcopenhagenoct2009 091029044206-phpapp02

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

[email protected]

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