The Board of Directors of the Extractive Industries Transparency Initiative (EITI) agreed that Madagascar has made significant overall progress in implementing the EITI Standard
On June 07, 2020, the Board of Directors of the Extractive Industries Transparency Initiative (EITI) agreed that Madagascar has made significant overall progress in implementing the EITI Standard, with considerable improvements in several areas. To this end, Madagascar is taking a step further to gain the status of “EITI Compliant Country”. The EITI Board commended the Malagasy state for improving transparency in areas of public interest. Furthermore, he considers that among the countries implementing the EITI, Madagascar is one of those in the process of establishing best practices in terms of reporting on environmental and gender-related issues in the extractive sector, with in particular the publication of gendered employment data as well as the promotion of inclusive debates at the local level.
Of the 15 recommendations issued by the International EITI Board, Madagascar has fully applied 7 corrective measures. And contrary to the claims having been wrongly conveyed, that due to lack of funding, no validation can be made, the work to prepare the second validation could be carried out with the available resources. It is the result of hard work and a lot of time spent in preparing for validation.
Note that Madagascar will have 18 months, before a third validation, so that the country proceeds to eight (8) corrective measures. With these positive results obtained, Madagascar once again demonstrates its commitment to transparency in the governance of the mining and petroleum sector. There is still a long way to go for the implementation of the EITI standard, but the state is continuing its momentum which makes transparency and the fight against corruption its priorities.
As a reminder, the EITI is an international standard which requires transparency and responsible management of the revenues received by the State from the extractive sector, through a platform of tripartite dialogue composed of the administration, the extractive industries and civil societies.
MINISTERE DES MINES ET DES RESSOURCES STRATEGIQUES (lien)
Date : Mercredi 17 juin 2020