No Time to Give Up on Promoting Transparency in Equatorial Guinea

No Time to Give Up on Promoting Transparency in Equatorial Guinea

April 17, 2010
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EITI Board’s ousting of Equatorial Guinea from the transparency initiative is an opportunity to build a broader coalition and intensify collaboration to promote transparency, good governance, and human rights.

(Washington, DC, April 17, 2010) - The Board of the Extractive Industries Transparency Initiative (EITI) announced on Friday, April 16th its decision to oust Equatorial Guinea from the initiative after it concluded—consistent with its rules—that Equatorial Guinea failed to show "exceptional and unforeseeable circumstances" to warrant a grant of an extension to complete its validation process.

The government of Equatorial Guinea did not demonstrate clear and consistent political will to make its energy revenues transparent in ways that will produce more accountable governance and equitable development to benefit all the people of Equatorial Guinea.

Nonetheless, EG Justice believes it is important to build on the modest progress made during Equatorial Guinea's EITI candidacy over the last two years. “Now more than ever, it is essential that we work to enable greater political space for civil society participation that could lead to a resumption of Equatorial Guinea’s EITI candidacy in the future,” said EG Justice Board Chair, Bennett Freeman. “The major energy companies operating there, their host country governments—above all the US Government—and international civil society should be prepared to work with the emerging civil society of Equatorial Guinea and pressure the Government to build an open, transparent, and democratic society in Equatorial Guinea.”

To read a full interview of Bennett Freeman by Critical Resource click here.
To read Human Rights Watch’s comments following the EITI Board’s decision click here.
To read Oxfam America’s statement click here.
Statements on the EITI Board announcement by Publish What You Pay, and Revenue Watch Institute are also available.

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