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The EITI is the global standard for promoting transparency and accountability in countries rich in oil, gas and mineral resources.  The initiative emerged as a means to mitigate the outcomes of low per capita growth, slow progress on human development, and social and political instability common to resource rich developing countries.

EITI is a Government led initiative with active support from companies, civil society groups, investors and international organizations.  The initiative provides a platform for stakeholders to systematically review, assess, and report on what is being paid by companies and received by governments from extractive industry operations.  This is accompanied through the establishment of an EITI multi-stakeholder steering committee or group (MSG) that is led by government.

Key functions of the MSG include setting strategic direction of the initiative, defining the reporting scope of the initiative in each country, developing the national EITI work plan, and conducting the reconciliation process.

BACKGROUND INFORMATION
Discussion on the establishment of the PNGEITI started in 2006 as a result of the PNG Gas Project.

MULTI-STAKEHOLDER GROUP MOU
The MOU was entered into by the Government of PNG, Civil Society    Organizations of PNG, and mining and petroleum companies in PNG on the 1st of November 2013 in Port Moresby, Papua New Guinea.

WORK PLAN
    

 

 

   


Address:
Department of Treasury
P.O. Box 542
Waigani
N.C.D.
Papua New Guinea

Phone:
+675 312 8817/8811/8812

Facsimile:
+675 312 8844/8804

Email:
enquiries@treasury.gov.pg