In its most recent report for the year 2022, the transparency watchdog noted that the utilisation of revenues generated from extractive industries is an area which may be addressed by countries implementing EITI, to the benefit of their people.
The EITI Board approved Guyana’s application to join the EITI at its meeting in Manila on 25th October, 2017. EITI sets out to promote an understanding of natural resource management, strengthen public and corporate governance and accountability, and provide the data to inform policymaking and multi-stakeholder dialogue in the extractive sector.
By becoming a member of the Extractive Industries Transparency Initiative, countries commit to disclose information along the extractive industry value chain – from how extraction rights are awarded, to how revenues make their way through government and how they benefit..
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