[bsa_pro_ad_space id=1]

GeneralLiberia news

Liberia scores 75% in EITI reports

The Extractive Industry and Transparency Initiative (EITI) says Liberia has achieved a moderate overall score of 75 points in implementing the 2019 EMT Standard. 

“On 17 June 2022, the EITI Board agreed that Liberia had achieved a moderate overall score of 75 points in implementing the 2019 EMT Standard,” Madam Helen Clark, EITI Board Chair said in a communication addressed to President George Manneh Weah.

In the communication dated 17 June 2022, Madam Clark said she was pleased to inform the president of the results of Liberia’s Validation under the revised EITI Standard. 

She explained that Validation provides an opportunity to assess performance and good practice in the extractive sector and to identify opportunities to strengthen the impact of the EITI across all its 56 implementing countries.

Related Articles

She noted that this result reflects the high-level commitment and dedication of President Weah’s government, key office holders, staff, and Multi-stakeholder Group members.

She cited the government’s commitment to harness the EITI as a platform to advance reforms, inform public debate, and improve access to information on the mining, oil and gas, forestry, and agriculture sectors.

“The EITI Board commends your government for achieving a high score of 81.5 points on outcomes and impact,” said Madam Clark. 

“A moderate score of 75 points was achieved on stakeholder engagement but a fairly low score of 69.5 points on transparency,” she added.

[bsa_pro_ad_space id=1]

It was clear from the Validation that steps have been taken to rebuild the EITI process following resolution of governance issues within the National Secretariat in 2018/19, she continued.

And efforts to use the EITI as a platform to bring about reform and debate in the extractive sector have subsequently been resumed, according to the EITI Board. 

It suggested that there are opportunities to build further on these efforts by improving transparency around the award of extractive rights, the beneficial ownership of companies, contracts, and the operations of the national or company while ensuring that EITI objectives are aligned with national priorities for the extractive industries.

“The Board has determined that Liberia will have until the next Validation commencing on 1 April 2024 to carry out fourteen corrective actions and to consider the strategic recommendations from this Validation,” the communication said.

It noted also that the International EITI Secretariat stands ready to support the government and the Muti – stakeholder Group in President Weah’s efforts to take forward implementation of the EITI Standard. 

“We hope that the recommendations stemming from the Validation are helpful in directing these efforts.”

[bsa_pro_ad_space id=1] [bsa_pro_ad_space id=2] [bsa_pro_ad_space id=3] [bsa_pro_ad_space id=4] [bsa_pro_ad_space id=5] [bsa_pro_ad_space id=6]
Back to top button