PHL to host EITI conference next year

THE PHILIPPINES is set to host the Extractive Industries Transparency Initiative (EITI) Global Conference in June next year, the Department of Finance (DoF) said.

“We are the first ever country to host this Global Conference in the region. And that alone sends a strong message that the Philippines is leading by example — not only in upholding EITI’s principles, but in embedding good governance and sustainable resource management at the heart of our extractive industries,” Finance Secretary and PH-EITI Chairman Ralph G. Recto said.

“EITI is the global standard for promoting open, accountable, and well-governed management of oil, gas, and mineral resources. Member countries commit to full transparency across the extractive value chain,” the DoF added.

The conference will bring together delegates from governments, industry, civil society, and academia.

“It will focus on the EITI’s strategic priorities, such as anti-corruption efforts, domestic resource mobilization, and responsible resource governance policies.”

“Moreover, the conference will explore innovations in data use and transparency, as well as address emerging issues and challenges faced by the extractives sector,” it added.

In 2013, the Philippines joined EITI, joining over 50 implementing country members. — Luisa Maria Jacinta C. Jocson