The Extractive Industries Transparency Initiative (EITI) in collaboration with UNCTAD will host a half-day seminar on Revenue Transparency and Natural Resource Extraction - progress and challenges of the Extractive Industries Transparency Initiative.
Good governance is a precondition for converting large revenues from extractive industries into economic growth and poverty reduction. The EITI was launch in 2002 to support improved governance in resource-rich countries through the verification and full publication of company payments and government revenues from oil, gas, and mining.
The EITI was recently endorsed by the G8 in Heiligendamm, and the Government of Azerbaijan has declared its intention later this year to table a United Nations General Assembly Resolution that expresses support for the EITI.
The event offers an opportunity to review progress of the EITI to date, discuss challenges ahead and explore efforts that can help ensure that local populations benefit more from what are after all their mineral assets.
The seminar will be addressed by, among others:
Dr Peter Eigen, Chairman of the EITI
Dr Supachai Pantichpakdi, Secretary-General of UNCTAD
Mrs Liv Monica Stubholt, State Secretary, Norway
Sir Mark Moody Stuart, Chairman, AngloAmerican