As the world enters a new era of lower commodity prices, the need for increased trust, better information, and good governance, is stronger.
The 2016 EITI Conference will focus on highlighting the results from implementing the EITI Standard, informing policy dialogue, and integrating the EITI into how governments and companies operate. Speakers and participants include high-level representatives from governments, extractive companies, investors, civil society and international organisations.
The 49 implementing countries will present progress and innovations in a National Expo alongside the Conference. The EITI maintains a global standard for the better management of natural resources. Its Global Conference brings together stakeholders from all around the world to discuss what has been learnt about governing the oil, gas and mining sectors, and how the EITI could better help ensure that citizens see benefits from natural resources.
Find out more about the EITI and previous conferences, visit the EITI website.
From Reports to Results
The 2016 EITI Global Conference will focus on highlighting the results from implementing the EITI Standard, informing policy dialogue, and integrating the EITI into how governments and companies operate.
The EITI Standard, which was adopted at the 2013 Global Conference, has led to innovative reporting and policy changes in EITI countries. The Global Conference and the National Exhibition are an opportunity for countries to share their stories on increased scrutiny over license allocations, oil sales, reforms in the utilisation of subnational revenue, the impact of the disclosure of beneficial owners, recommendations from EITI reports leading to improvements, improving the timeliness of data, and many other themes.
Informed public debate and better policy making will determine whether citizens benefit from their resources. EITI Reports cover nearly 250 financial years and over USD 1.7 trillion in revenue. More data is available than ever before. Citizens of EITI countries now have access to information about how licenses are awarded in their country, how much revenue local governments receive and how state-owned companies operate. But more needs to be done. The Global Conference provides a platform to share innovations and create new ones.
In the long term, extractive industry transparency should not be confined to EITI reporting, but become an integral part of how governments manage their sector. Countries are already increasingly making data about their oil, gas and mining sectors available through government and corporate reporting systems such as databases, websites, and portals. Mainstreaming helps make EITI data timelier and more useable. The Global Conference provides an opportunity to discuss the direction of EITI reporting to ensure sustainable transparency.
For more information on the Lima conference, please click here.