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Extractive Industries Transparency Initiative - Update December 2010

Extractive Industries Transparency Initiative - Update December 2010. www.eiti.org. Corruption Link between resources and conflicts Link between resources and human rights abuses Dutch diesease . Companies disclose payments. Government discloses receipt of payments. Government Spending.

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Extractive Industries Transparency Initiative - Update December 2010

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  1. Extractive Industries Transparency Initiative • - Update December 2010 www.eiti.org

  2. Corruption • Link between resources and conflicts • Link between resources and human rights abuses • Dutch diesease

  3. Companies disclose payments Government discloses receipt of payments Government Spending Independent verification of tax & royalty payments ”EITI report” Award of licenses & contracts Regulation & monitoring of operations Revenue distribution & management Implementation of sustainable development policies How the EITI works Oversight by aMulti-Stakeholder Group The EITI provides a forum for dialogue and a platform for broader reforms

  4. CompliantAzerbaijanMongoliaGhanaTimor-LesteLiberiaCandidate CountriesAfghanistanMadagascarAlbaniaMaliBurkina FasoMauritaniaCameroonMozambiqueCentral African RepublicNigerChadNigeriaCôte d´IvoireNorwayDemocratic Republic of CongoPeruGabonRepublic of the CongoGuinea (Suspended) Sierra LeoneIndonesiaTanzaniaIraqTogoKazakhstanYemenKyrgyz RepublicZambia EITI Implementing countries CompliantAzerbaijan, Mongolia, Ghana, Timor-Leste, Liberia Candidate CountriesAfghanistan, Madagascar, Albania, Mali, Burkina Faso, Mauritania, Cameroon, Mozambique, Central African Republic, Niger, Chad, Nigeria, Côte d´Ivoire, Norway, Democratic Republic of Congo, Peru, Gabon, Republic of the Congo, Guinea (Suspended), Sierra Leone, Indonesia, Tanzania, Iraq, Togo, Kazakhstan, Yemen, Kyrgyz Republic, Zambia

  5. EITI in 2010 • 33 Implementing Countries across Africa, Asia, Latin America, Middle East and Central Asia • 50 major international oil, gas, and mining companies • 80 institutional investors with collective assets of over $16 trillion • 100s of civil society groups and networks – e.g. Publish What You Pay, Open Society/Revenue Watch Institute, Transparency International • Supporting Countries, including Japan, Australia, Canada, France, Germany, the Netherlands, Norway, the UK and the US

  6. 50 of the world’s leading oil, gas and mining companies Support the EITI

  7. The EITI Board Supporting countries and organisations including the World Bank, AfDB and ADB EITI International Secretariat Oslo EITI Implementing countries31 countries Civil society organisationshundreds, often through Publish What You Pay Supporting companies45, including most of the world’s largest Supporting institutional investors16trillion US in Management

  8. EITI

  9. Norway, first OECD reporting country

  10. “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 Ellen Johnson SirleafPresident of Liberia

  11. 52 EITI reports shed light on government revenues from the Extractive Industries in 23 countries. • These reports combined contain data for 64 years. • In these 23 countries alone, more than 420 millions people have access to information on government revenues from their natural resources, often for the first time. • A total of $242,685,423,821 has been reported by these governments. • National coverage of all companies has reached 95% on average.

  12. Enlightened self-interest To prevent corruption To build trust amongst communities To attract foreign direct investment To attract leading companies To gain international recognition To improve credit rating Encouragement from the international community Development community promoting good governanceIMF and others wishing to see improved fiscal management Energy security through transparency Encouragement from industry License to operate Long-term investment depends on a sound business climate Why governments implement the EITI

  13. The EITI has been politically endorsed by many Governments and in many forums

  14. The AU, EU, UN, G8, G20,..

  15. Lessons • It can be a platform for long-term reform • From transparency to accountability • To fight corruption – maybe • To build trust and confidence - definetely

  16. EITI Reporting and China Once a country implments the EITI, all operating companies should report. In 9 countries Chinese companies are reporting and CNPC serves on the multi-stakeholder group in several countries.

  17. Confirmed speakers include: Paul Collier, Professor, University of Oxford Peter Eigen, EITI Chair HE JakayaKikwete, President of Tanzania HE Ernest BaiKoroma, President of Sierra Leone Anne Lauvergeon, Chief Executive Officer, AREVA HE Nourial-Maliki, Prime Minister, Iraq Christophe de Margerie, Chief Executive Officer, TOTAL Clare Short, EITI Chair elect HE José Ramos-Horta, President of Timor Leste Peter Voser, Chief Executive Officer, Royal Dutch Shell Learn more about the programme, explore the growing list of speakers and register for the conference at www.eitiparis.org

  18. EITI Other Publications ...and video. Jmoberg@eiti.org

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