The Extractive Industries Transparency Initiative (EITI) was recently endorsed by the Group of Eight in Heiligendamm. UNCTAD also supports the EITI and is happy to co-host a half-day seminar in Geneva on 6 July, to encourage more companies and Governments to commit to the process.
UNCTAD and EITI will host a half-day seminar on Revenue Transparency and Natural Resources Extraction at the Centre International de Conferences, Geneva.
The EITI was first launched in 2002. Since then it has grown into a global coalition of a wide range of governments, companies and investors and civil society organisations working to ensure that oil, gas and mining activities contribute toward development and do not become what is sometimes called a resource curse.
The half-day seminar will provide 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.