Ambassador Hervio congratulates Zambian EITI stakeholders for their achievement of becoming EITI compliant and encourages Zambia to build upon this success (22/10/2012)
On 22 October 2012, the Head of EU Delegation Gilles Hervio made welcoming remarks at the Extractive Industries Transparency Initiative (EITI) National Coordinators' Meeting in Lusaka. The meeting, which was co-financed by the EU, aimed at facilitating an exchange of best practices among EITI implementing countries and at soliciting their inputs on the ongoing reform of the EITI. The meeting took place back-to-back with the global EITI Board meeting.
In his intervention, Ambassador Hervio congratulated the Minister and all Zambian EITI stakeholders for their achievement of becoming EITI compliant in 2012. He said this is a major milestone on the way to enhanced revenue transparency and economic governance. He encouraged Zambia to build upon this success and to further improve the timeliness of EITI reporting in order to provide for more up-to-date accountability on the use of the mineral revenues.
The Extractive Industries Transparency Initiative aims at enhancing revenue transparency and accountability in resource-rich countries through establishing a reporting regime on tax payments by extractive companies to Governments. The implementation of the Zambian EITI has received financial support from the EU since 2008. In 2012, Zambia became the first country in the East African region and the 15th country in the world to become EITI compliant.