EITI briefing 19102009

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EITI briefing 19102009

  1. 1. Briefing to the Joint Finance Committee, Tanzania<br />Oslo, 19 October 2009<br />
  2. 2. December 1999<br />
  3. 3. 1997<br />
  4. 4. Petrol is the best <br />vector of corruption<br />
  5. 5. Africa&apos;s Oil DreamsTHURSDAY, MAY. 31, 2007 By ALEX PERRYPetrol sellers in Lagos, Nigeria. <br />www.eitransparency.org<br />
  6. 6. Governance failure<br />Pressure/attention<br />Investigative reporting<br />Code/standard<br />Implementation<br />Facilitation <br />Quality assurance<br />Business case for action<br />Negotiation<br />www.eiti.org<br />
  7. 7. There is hope <br />Oct 9th 2008<br />From The Economist print edition<br />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...&quot;<br />
  8. 8. TRANSPARENCY<br />
  9. 9. ACCOUNTABILITY<br />
  10. 10. Companies Disclose Payments<br />Government Discloses Receipt of Payments<br />Government Spending<br />Independent Verification of Tax & Royalty Payments<br />Award of licenses<br />&<br />contracts<br />Regulation<br />&<br />monitoring of operations<br />Revenue<br />Distribution <br />& Management<br />Implementation of Sustainable Development olicies<br />How the EITI works<br />Oversight by aMulti-Stakeholder Group<br />The EITI provides a Forum for dialogue and a Platform for broader reforms<br />
  11. 11. EITI in 2009<br /><ul><li>30 Implementing Countries across Africa, Asia, Latin America, Middle East and Central Asia
  12. 12. 42 major international oil, gas, and mining companies
  13. 13. 80 institutional investors with collective assets of over $16 trillion
  14. 14. 100s of civil society groups and networks – e.g. Publish What You Pay, Open Society/Revenue Watch Institute, Transparency International
  15. 15. Supporting Countries, including Australia, Canada, France, Germany, the Netherlands, Norway, the UK and the US</li></li></ul><li>Implementing Countries<br />
  16. 16.
  17. 17.
  18. 18. EITI Other Publications<br />...and video.<br />
  19. 19. Ellen Johnson SirleafPresident of Liberia<br />“The Liberia EITI is one of the institutional pillars of integrity anchoring and sustaining the reform agenda of Liberia.”<br />“By promoting better management and use of public resources and discouraging corruption, LEITI … is critical to poverty reduction and social development in Liberia.”<br />July 2009, when signing the new LEITI law<br />
  20. 20. The EITI has been politically endorsed by many Governments and in many forums<br />
  21. 21. The AU, EU, UN, G8, G20,..<br />
  22. 22. Lessons/challenges<br /><ul><li>It can be a platform for long-term reform
  23. 23. From transparency to accountability
  24. 24. To fight corruption – maybe
  25. 25. To build trust and confidence - definetely
  26. 26. It takes time, although it doesnt have to</li></li></ul><li>Lessons/challenges<br /><ul><li> The EITI is a start, only
  27. 27. Deepening, validation and beyond
  28. 28. Widening, Jakarta and beyond</li></ul>www.eiti.org<br />
  29. 29. More at:<br />...and video.<br />www.eiti.org<br />Jonas Moberg, Head of the EITI Secretariat<br />Jmoberg@eiti.org<br />

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