April 29th 2019
Minister of Natural Resources Hon Raphael Trotman today received Guyana’s Extractive Industry Transparency Initiative (EITI) First Report. The Ministry of Natural Resources is the lead agency with responsibility for the implementation of Guyana’s EITI.
Preparation of the report was initiated by the Ministry through the GYEITI as it seeks to bring transparency to the country’s extractive industries. The Report will be presented to Cabinet this week. Guyana’s obligations under EITI mandated that the country’s first report be presented by April 25, 2019.
“For a country like Guyana where the bedrock of our economy is the extractive industries, this is very important… This has been a steady process. We trust that this is the part of the journey to full transparency. The Government is fully committed to this. – Minister of Natural Resources Hon. Raphael Trotman
EITI is the global standard for the good governance of oil, gas and mineral resources. In August 2017 Guyana submitted its application to the EITI International Secretariat and on October 25, 2017, Guyana’s EITI was officially accepted as an EITI implementing country.
In February 2017, the Government launched the GYEITI Multi-Stakeholder Group comprising 12 substantive members with civil society, government and the extractive industries each having four representatives. Additionally each member is supported by an alternate.
The Report will be available on the website of the Ministry and GYEITI. There will also be a press conference on Thursday May 2nd at 10am at the Ministry of Natural Resources’ Annex 55 Main Street.
Source: The Ministry of Natural Resources