Extractive Industries Transparency Initiative - First in Forestry
Just in from "Star Radio"... This is huge!
Liberia named number one EITI compliant country in Africa
Written by Sebe Giddings
Thursday, 15 October 2009
Liberia has been named the first Extractive Industries Transparency Initiative Compliant Country on the continent of Africa.
Liberia was elected Wednesday during the 10th meeting of the Extractive Industries Transparency Initiative in Baku, Azerbaijan.
The Chairman of the EITI Board Dr. Peter Eigen announced the board’s decision following a review of Liberia’s validation report.
The EITI board congratulated the government of Liberia and all stakeholders for the Country’s progress in implementing the EITI in Liberia.
Liberia is the first Country to have included the forestry sector in its reporting.
According to Dr. Eigen, Liberia has also undertaken extensive dissemination work by building community engagement in the EITI process.
He said Liberia’s success in reaching the EITI Compliance demonstrates what governments, companies and civil society can achieve by working together.
Liberia is also the leading EITI implementing country world wide and the second country to have completed validation.
Azerbaijan is the only other country in the world to complete validation.
The Extractive Industries Transparency Initiative is a coalition of governments, companies, civil society groups, investors and international organizations that set a global standard for transparency in the extractive sector.