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Utilise EITI’s full potential: Official

The Head of the PNG Extractive Industries Transparency Initiative National Secretariat has called on the PNGEITI Multi-Stakeholder Group (MSG) to utilise EITI’s full potential to improve governance in the sector.

Speaking on the eve of PNG’s second validation and during the COVID-19 MSG Constituent briefings, Lucas Alkan reiterated that PNG’s implementation of the Global EITI Standard has gained favourable results so far with the overwhelming support from the PNG MSG. However, there is still great potential to improve governance in the mining and petroleum sector.

“Our decision to sign up to implement the EITI had opened the door for citizens to question the government and industry on how past and current mining, oil and gas deals are best tailored to contribute to implementing the Government’s development plans and agendas,” Alkan said.

PNG joined 53 other mineral wealthy countries around the world in 2013 and like many implementing countries, is working on mainstreaming a lot of the international EITI principles and requirements.

It is a journey of continuous improvement and most recently, in 2018, the PNG Government came up with a National Policy on Transparency and Accountability that set the framework for EITI implementation in this country.

Alkan acknowledged public sentiments surrounding the debate on Resource Extraction and National Development.  

“Citizens have become sceptical that the extraction of these rich mineral wealth would translate into tangible service delivery, funding education and health programs, invested in rundown infrastructures and so forth for a better future for all,” Alkan said.

Source: http://www.looppng.com/business/utilise-eiti%E2%80%99s-full-potential-official-93518

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