Liberian Government Issues Proclamation on EITI Criteria and Principles

Her Excellency President Ellen Johnson-Sirleaf
Her Excellency President Ellen Johnson-Sirleaf
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The Government of Liberia has issued a Proclamation, declaring implementation of Criteria and Principles of the Extractive Industries Transparency Initiative (EITI) as an integral part of Governmentís policy of accountable and transparent resource governance, which is also a key element of the Poverty Reduction Strategy (PRS).

The Proclamation takes effect Wednesday, September 10, 2008 and shall remain effective for the maximum period provided by law unless earlier terminated upon the passing of a proposed legislation.

The Proclamation stressed that disclosure, publication and other reporting obligations as well as the manner of disclosure and publication established by and/or associated with implementation of the EITI are and shall be equally binding on all relevant agencies of Government as well as all extractive companies operating and/or seeking to operate in Liberia.

Accordingly, the Ministries of Finance and Lands, Mines and Energy; the National Oil Company; the Forestry Development Authority; and other relevant Government agencies are hereby required to disclose, fully, timely, and in a manner required by the EITI Criteria and Principles, all revenues received from every extractive company in the country.

It is further directed that every company, especially oil, mining and logging companies, operating in Liberia shall, as of the effective date of this Proclamation, be obliged and required to disclose, fully, timely and in the manner required by the EITI Criteria and Principles, all payments made to every agency and level of the Government of Liberia.