September 30, 2016

Guyana moves closer to EITI membership

Mike McCormack, Joy Persaud and Natural Resources Minister Raphael Trotman at the Summit

Mike McCormack, Joy Persaud and Natural Resources Minister Raphael Trotman at the Summit

Natural Resources Minister Raphael Trotman and a small delegation recently travelled to Lima, Peru, to attend the seventh World Summit of Extractive Industries Transparency Initiative (EITI) in an effort to propel the process of Guyana becoming a member of the body.

The Trotman-led delegation which consisted of Mike McCormack and Joy Persaud, of the civil society body, Policy Forum, attended the Summit Wednesday last.

During the visit the Guyana delegation was involved in fully constituted and break-out sessions which saw them gaining invaluable knowledge about the application process and the membership experience. Additionally, Trotman and team managed to secure the support of other members of the body who pledged their support for Guyana’s journey towards attaining and sustaining membership in the body.

Presently, Guyana is recruiting its Multi-Stakeholder Group (MSG) and making preparations for establishing a fully functioning secretariat to advance the work. Guyana has also been receiving guidance and support from the EITI’S Norway-based secretariat and the Trinidad & Tobago Chapter (TTEITI) as to the standards in the regulation of the extractive industries used by the body.

“Guyana, with an economy heavily based on extractive industries, and soon to become an oil and gas producing nation, propelled the government’s desire in 2015 to give its approval for Guyana’s membership application to be expedited, and to date, two seminars have been convened and a third is scheduled for March 4, 2016. The March seminar will be conducted in conjunction with the TTEITI and the University of the West Indies. All seminars are aimed at raising awareness amongst stakeholders and streamlining the application process,” a release from the Natural Resources Ministry stated.

EITI is a global organisation of 51 member countries, and the organisation promotes the principle that natural resources belong to the people and are to be extracted and managed on behalf of the people; both for current and future generations.

Countries, on assuming membership, direct their activities through a tripartite Multi-Stakeholder Group that comprises representatives of government, industry and civil society.

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