EITI in Africa – why it matters Jonas Moberg Head of the EITI International Secretariat Copenhagen 2 May 2011

1997

EITI Origins – Breaking the resource trap

Petrol is the best vector of corruption

Governance failure Pressure/attention Investigative reporting Facilitation Business case for action Negotiation Implementation Quality Assurance Code/standard

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

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

Norway, first OECD reporting country

Key Features of EITI Country ownership Multi-stakeholder Disclosure of company payments and government receipts Quality assurance (validation)

o35 Implementing Countries across Africa, Asia, Latin America, Middle East and Central Asia o50 major international oil, gas, and mining companies o80 institutional investors with collective assets of over $16 trillion o100s of civil society groups and networks – e.g. Publish What You Pay, Open Society/Revenue Watch Institute, Transparency International oSupporting Countries, including Japan, Australia, Canada, France, Germany, the Netherlands, Norway, the UK and the US EITI in 2010

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

EITI Implementation in Africa 21 African countries implement the EITI, 5 have achieved compliance (Central African Republic, Ghana, Liberia, Niger and Nigeria). 64 bn has been covered in the last round of EITI reports.

The progress in the last 5 years

20 African countries have disclosed 63 Fiscal years of data in 37 Reports

17 countries have lunched an EITI dedicated website

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

Deepening – embedded, improved reporting and communications Widening Challenges

EITI Other Publications...and video.

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