#Country Updates #Gabon #Metals&Mining #News

Gabon Pursues Readmittance into the Extractive Industries Transparency Initiative

Eight years following the central-African country’s exclusion from the Extractive Industries Transparency Initiative (EITI), representatives of Gabon’s government, oil companies and non-governmental organizations are working together to draft documentation required to reintegrate the country into the organization.

Gabon has made its return to EITI a priority by improving transparency in the mining and oil sectors, disclosing how revenues make their way through the government and how the governance of these sectors benefits the public.

Gabon was excluded from the EITI in 2013 for having been unable to produce reports on its mining and oil revenues from 2009-2011. Representatives from government have pledged that Gabon will not allow this to happen again and that the country hopes to rejoin the initiative by the end of 2021.

A multi-stakeholder group session of the EITI Gabon was held on 3 May, the aim of which was to refine Gabon’s strategy to re-join the initiative.

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Source: AfricaOilandPower

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