Skip to main content

Extractive Industries Transparency Initiative

Volume 708: debated on Thursday 26 February 2009

Question

Asked by

To ask Her Majesty's Government what are their priorities for the forthcoming Extractive Industries Transparency Initiative global conference. [HL1303]

The UK Government are a strong supporter of the Extractive Industries Transparency Initiative (EITI). The Department for International Development (DfID) has committed over £14 million to EITI of which over £8 million has been provided since November 2002. Increasing transparency and knowledge of revenues from the extractive sectors empowers citizens to hold governments to account, so that mismanagement of funds away from sustainable development purposes becomes more difficult.

The UK sent a delegation of two senior civil servants, including a director general from DfID, to the EITI Global Conference in Doha on 16 to 18 February. In line with the EITI Global Conference's objectives, the UK delegation worked with other stakeholders to take stock of EITI's progress; address the challenges which EITI faces; and consider the next steps for taking forward the initiative. A UK statement delivered at the conference welcomed the achievements of the EITI over the past two years and committed the UK to continue supporting the EITI. This is available on the EITI website at http://eitransparency.org/.