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The EITI is the global standard for promoting transparency and accountability in countries rich in oil, gas and mineral resources.  The initiative emerged as a means to mitigate the outcomes of low per capita growth, slow progress on human development, and social and political instability common to resource rich developing countries.

EITI is a Government led initiative with active support from companies, civil society groups, investors and international organizations.  The initiative provides a platform for stakeholders to systematically review, assess, and report on what is being paid by companies and received by governments from extractive industry operations.  This is accompanied through the establishment of an EITI multi-stakeholder steering committee or group (MSG) that is led by government.

Key functions of the MSG include setting strategic direction of the initiative, defining the reporting scope of the initiative in each country, developing the national EITI work plan, and conducting the reconciliation process.

BACKGROUND INFORMATION
Discussion on the establishment of the PNGEITI started in 2006 as a result of the PNG Gas Project.

MULTI-STAKEHOLDER GROUP MOU
The MOU was entered into by the Government of PNG, Civil Society    Organizations of PNG, and mining and petroleum companies in PNG on the 1st of November 2013 in Port Moresby, Papua New Guinea.

WORK PLAN (you will be directed to PNGEITI WebSite)


Since signing up to this global initiative in 2014, PNG has made significant progress in its implementation of the EITI Standards and has achieved some impressive achievements. PNGEITI has been able to align its activities to complement other key Government initiatives such as Sovereign Wealth Fund (SWF) and the Independent Commission Against Corruption (ICAC) legislation.


PNGEITI has so far published 4 Annual Reports for the Financial Years 2013-2016. The production of these Reports is in compliance with the EITI International Standard and is a key requirement for PNG’s validation to be a fully compliant implementing country. These annual reports not only provide a contextual analysis on extractive sector in PNG, they have also highlighted issues on data management, lack of coordination between reporting entities and the challenges in managing the extractives sector. The reports have further identified areas of possible policy reforms.


The PNGEITI has also been able to progress work on a number of programs as required under the EITI standard. Areas of work that have been progressed include, the commencement of the Scoping Study into Sub-national Payments and Transfers, the continuation of work on the implementation of the Beneficial Ownership Roadmap, and the progression of the PNGEITI National Policy and Legislation.


Commencing 1 April 2018, PNG will undertake its Validation in order to obtain full ‘Compliant’ status as an EITI implementing country.


Further information and Reports on PNGEITI can be accessed on www.pngeiti.org.pg or email info@pngeiti.org.pg and telephone 313 3775


    


    

 

 

   


Address:
Department of Treasury
P.O. Box 542
Waigani
N.C.D.
Papua New Guinea

Phone:
+675 312 8817/8811/8812

Facsimile:
+675 312 8844/8804

Email:
enquiries@treasury.gov.pg