Latest update June 17th, 2024 12:59 AM
Nov 21, 2023 News
Kaieteur News – Minister of Natural Resources Vickram Bharrat has assured that Guyana’s 2021 Extractive Industries Transparency Initiative (EITI) report will be submitted on time to avoid a repeat of the country’s suspension from the body.
The Extractive Industries Transparency Initiative (EITI) is a global standard to promote open and accountable management of natural resources. It seeks to strengthen government and company systems, include civil society participation, inform public debates, and enhance trust. In each implementing country, it is supported by a Multi-Stakeholder Steering Group (MSG), which comprises government agencies, extractive companies, and civil society organisations working together.
The EITI Board had temporarily suspended Guyana on 1 February 2023 for failing to publish its 2020 EITI Report. The body lifted the suspension on Guyana in July 2023, saying that its board was satisfied that the outstanding EITI Report was published within ahead of the deadline.
During a press conference last week, Minister Bharrat explained, “As you are aware, we are tasked this year with producing two reports. Unfortunately, we were temporarily suspended because our last, the 2020 report wasn’t submitted by the 31st December 2022, however…we are well on our way to ensuring that our next report is submitted before the 31st of December this year when it is due.”
He said he is happy with the progress so far and committed that the Ministry will meet this year’s deadline and avoid “any other issue for the country”. The EITI Board approved Guyana’s application to join the EITI at its meeting in Manila on 25 October, 2017.
EITI sets out to promote an understanding of natural resource management, strengthen public and corporate governance and accountability, and provide the data to inform policymaking and multi-stakeholder dialogue in the extractive sector. By becoming a member of the Extractive Industries Transparency Initiative (EITI), countries commit to disclose information along the extractive industry value chain – from how extraction rights are awarded, to how revenues make their way through government and how they benefit the public.
HELP ME, HELP ME PLEASE!!!
Jun 17, 2024
2024 ICC T20 World Cup… West Indies’ upcoming Group C T20 World Cup match against Afghanistan at the Daren Sammy Cricket Ground in Gros Islet, St Lucia, on Monday presents an opportunity to...Kaieteur News – The United States of America has long positioned itself as the global enforcer of democratic values... more
By Sir Ronald Sanders Kaieteur News – On Friday, 14 June 2024, Antigua and Barbuda and the State of Palestine established... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]