EITI seeks to strengthen the implementation of its standard in Latin America

EITI seeks to strengthen the implementation of its standard in Latin America

Ministry of Mines and Energy. Santo Domingo, Dominican Republic. November 28th, 2017.  The Office of the International Secretary for the Extractive Industries Transparency Initiative (EITI) seeks to strengthen the implementation of its Standard throughout the region. For the purpose of achieving this objective, a meeting was hosted by the Dominican Republic with the participation of 12 Latin American countries and their representatives were able to discuss their experiences regarding the initiative. Within this context, Colombia has become a success story due to its quick adaptation and compliance with the necessary requirements.  

The event involved a gathering of over 40 participants from Governments, industry and civil society. The adherent member countries present at the event included, among others: Colombia, Dominican Republic, Guatemala, Guyana, Honduras, Mexico, Peru, Surinam, Trinity and Tobago. Likewise, Argentina and Ecuador participated as interested states.

The international partners for this Standard, such as the World Bank, the Inter-American Development Bank (IDB) and GIZ supported this meeting, which is taking place in the central portion of the Antilles and will conclude on November 29th.

During the presentations and workshops in progress, the Office of the International Secretary has acknowledged that countries throughout the region are struggling with a cycle consisting of low prices for raw materials, lacking investments and low economic activity in extractive industries. At the same time, local communities continue demanding more transparency, public accountability and tangible development results.

For its part, Colombia is making use of this meeting in order to share its progress concerning mining formalization and support of small-scale mining. "We are sharing our good practices for the promotion of small-scale mining formalization throughout Colombian territory with the other regional country representatives because this has been the base for the kind of Proper Mining Activities that we are currently promoting within these territories," said the Vice-Minister of Mines, Carlos Andres Cante.

With these events, the organization seeks to increase the exchanging of experiences between its members regarding their good practices and promote collaboration.

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