Extractive Industries Transparency Initiative (EITI) in Peru

30 November 2005

New initiative to institutionalise the Extractive Industries Transparency Initiative (EITI) in Peru

An Action Plan drafted by a multi-stakeholder committee was adopted and published on Peru's EITI website in June 2005. Now, in addition, the Ministry of Energy and Mines has signed a Memorandum of Understanding with the World Bank, which outlines an agreement for technical and financial support for the implementation of the EITI Action Plan. It is expected that a Presidential Decree will launch officially the work of a tripartite committee to implement this initiative. For more details see www.eitransparency.org


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