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Briefing to the Joint Finance Committee, Tanzania Oslo, 19 October 2009
December 1999
1997
Petrol is the best  vector of corruption
Africa's Oil DreamsTHURSDAY, MAY. 31, 2007 By ALEX PERRYPetrol sellers in Lagos, Nigeria.  www.eitransparency.org
Governance failure Pressure/attention Investigative reporting Code/standard Implementation Facilitation  Quality assurance Business case for action Negotiation www.eiti.org
There is hope  Oct 9th 2008 From The Economist print edition 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..."
TRANSPARENCY
ACCOUNTABILITY
Companies Disclose Payments Government Discloses Receipt of Payments Government Spending Independent Verification of Tax & Royalty Payments Award of licenses & contracts Regulation & monitoring of operations Revenue Distribution  & Management Implementation of Sustainable Development olicies How the EITI works Oversight by aMulti-Stakeholder Group The EITI provides a Forum for dialogue and a Platform for broader reforms
EITI in 2009 ,[object Object]
42 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 Australia, Canada, France, Germany, the Netherlands, Norway, the UK and the US,[object Object]
EITI Other Publications ...and video.
Ellen Johnson SirleafPresident of Liberia “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
The EITI has been politically endorsed by many Governments and in many forums
The AU, EU, UN, G8, G20,..

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EITI briefing 19102009

  • 1. Briefing to the Joint Finance Committee, Tanzania Oslo, 19 October 2009
  • 4. Petrol is the best vector of corruption
  • 5. Africa's Oil DreamsTHURSDAY, MAY. 31, 2007 By ALEX PERRYPetrol sellers in Lagos, Nigeria. www.eitransparency.org
  • 6. Governance failure Pressure/attention Investigative reporting Code/standard Implementation Facilitation Quality assurance Business case for action Negotiation www.eiti.org
  • 7. There is hope Oct 9th 2008 From The Economist print edition 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..."
  • 10. Companies Disclose Payments Government Discloses Receipt of Payments Government Spending Independent Verification of Tax & Royalty Payments Award of licenses & contracts Regulation & monitoring of operations Revenue Distribution & Management Implementation of Sustainable Development olicies How the EITI works Oversight by aMulti-Stakeholder Group The EITI provides a Forum for dialogue and a Platform for broader reforms
  • 11.
  • 12. 42 major international oil, gas, and mining companies
  • 13. 80 institutional investors with collective assets of over $16 trillion
  • 14. 100s of civil society groups and networks – e.g. Publish What You Pay, Open Society/Revenue Watch Institute, Transparency International
  • 15.
  • 16.
  • 17.
  • 18. EITI Other Publications ...and video.
  • 19. Ellen Johnson SirleafPresident of Liberia “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
  • 20. The EITI has been politically endorsed by many Governments and in many forums
  • 21. The AU, EU, UN, G8, G20,..
  • 22.
  • 23. From transparency to accountability
  • 25. To build trust and confidence - definetely
  • 26.
  • 28. Widening, Jakarta and beyondwww.eiti.org
  • 29. More at: ...and video. www.eiti.org Jonas Moberg, Head of the EITI Secretariat Jmoberg@eiti.org