Afghan Biographies

Extractive Industries Transparency Initiative EITI


Name Extractive Industries Transparency Initiative EITI
Ethnic backgr.
Date of birth
Function/Grade Afghanistan suspended from Membership
History and Biodata

Background:
 

The Extractive Industries Transparency Initiative has suspended Afghanistan's memberships for "inadequate progress" in implementing its standard.

The Oslo-based initiative is backed by governments, corporations and financial institutions and aims to promote open and accountable management of natural resources. Afghanistan joined EITI in 2010. The country is rich in natural mineral resources, which are estimated to be worth over 1 trillion dollars.

EITI said that Afghanistan’s central government is hampered in its ability to manage and enforce revenue collection from the extractives sector and production is constrained by the precarious security situation. (20190125)


EITI provides a clear and accessible framework for governments and companies to publish and verify essential data – especially on revenues. This is basic information: if the Afghan Government is incapable of providing it regularly and reliably, it fundamentally calls into question its capacity to administer the sector and avoid the massive corruption which has so catastrophically undermined its potential until now.(20190126)







 

Last Modified 2019-01-26
Established 2019-01-26