The EITI was launched by Tony Blair at the World Summit on Sustainable Development in Johannesburg, September 2002. The stated objective of the EITI is "to increase transparency over payments and revenues in the extractive sector in countries heavily dependent on these resources"

EITI (Extractive Industry Transparency Initiative) “The initiative encourages governments, publicly traded, private state-owned extractive companies, international organisations, NGOs and others with an interest in the sector to work together voluntarily to develop a framework to promote transparency of payments and revenues.” (See: Statement of Principles and Agreed Actions). More information is available here. The official website of EITI is www.eitransparency.org.

Azerbaican Government stated its support to the Initiative since it was launched and indicated its readiness to participate in EITI in a country level. (See: Statement by I. Aliyev)

On May 13, 2004, more than 30 Azerbaicani NGOs signed a Memorandum and announced the establishment of the Coalition “For improving transparency in extractive industries” in an effort to ensure public control over the revenues obtained through the exploitation of the country’s natural resources and their effective use.

The Council elected at the general meetings is considered to be the Coalition’s governing body in the periods between general meetings.

Last correction date of the file: 24/7/2008 - 14:54:28