Uganda joins Extractive Industries Transparency Initiative

17177681059 1795aa0e0c zEU has applauded Uganda's decision to join Extractive Industries Transparency Initiative. (Image source: EITI/Flickr)The European Union (EU) delegation to Uganda welcomed the Ugandan government’s decision to formally join the Extractive Industries Transparency Initiative (EITI) as a member state

The EU has stated that the decision taken on 28 January and publicly announced by the government of Uganda on 29 January is a positive step towards improved public financial management and accountability of natural resources.

EU Ambassador Attilio Pacifici said, “The EITI is the global standard to promote the open and accountable management of oil, gas and mineral resources, and Uganda’s decision to become a fully-fledged member state is an important step for improved accountability particularly as the country continues to prepare for oil production.”

Through persistent policy dialogue, the EU and its member's states, as well as other leading development partners, have encouraged Uganda’s formal accession to the EITI to address vital governance issues of the oil, gas and mining sectors, including transparency and accountability.

Implementation of the EITI standard only takes place in EITI countries and happens in three steps; a national multi-stakeholder group (government, companies and civil society) decides how the EITI process in their country should work; important information about the governance of the sector is reported annually alongside recommendations for improving sector governance and finally this information is widely disseminated to inform public debate and recommendations are followed up.

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