{"id":57704,"date":"2024-05-16T12:01:33","date_gmt":"2024-05-16T12:01:33","guid":{"rendered":"https:\/\/www.africa-press.net\/liberia\/all-news\/following-liberia-sierra-leone-to-enact-eiti-law"},"modified":"2024-05-16T13:08:08","modified_gmt":"2024-05-16T13:08:08","slug":"following-liberia-sierra-leone-to-enact-eiti-law","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/liberia\/all-news\/following-liberia-sierra-leone-to-enact-eiti-law","title":{"rendered":"Following Liberia, Sierra Leone to Enact EITI Law"},"content":{"rendered":"

Africa-Press – Liberia. <\/strong><\/span>Sierra Leonean miners at a diamond mine in Kenema in 2020. New Narratives\/Eric Opa Doue<\/p>\n

The Sierra Leone Extractive Industry Transparency Initiative (SLEITI) will follow Liberia by enacting an EITI law, and include forestry and agriculture in it, a news release from SLEITI and its Liberian counterpart said.<\/p>\n

The decision came after a five-day learning exchange between the SLEITI and the Liberia Extractive Industries Transparency Initiative (LEITI) that ended last week.<\/p>\n

\u201cThe completion of the event has further strengthened the outlook for EITI implementation in both countries, as participants shed light on adaptive methods of implementing EITI within their respective governance structures,\u201d the release said.<\/p>\n

\u201cThe weeklong event… has also strengthened the already existing ties between Liberia and Sierra Leone EITI,\u201d it added.<\/p>\n

The EITI is a Norway-based international NGO that seeks to promote good governance in the extractive sector.<\/p>\n

Liberia and Sierra Leone are two of 55 countries implementing the EITI Standards, which require each member country to publish a report yearly on extractive transactions.<\/p>\n

Liberia\u2019s EITI established its program in 2007, one year before Sierra Leone. Adding forestry and agriculture to the EITI\u2019s main industries\u2014oil\/gas and mining\u2014Liberia won the Best EITI Implementing Country Award in 2009. That same year, the LEITI Act was created. It became the first African country and second in the world to become EITI compliant. It remains one of the most comprehensive EITI programs in the world.<\/p>\n

Unlike Liberia, Sierra Leone has not legislated its EITI program.<\/p>\n

The visiting SLEITI team said it would work to include forestry and agriculture in its EITI program. The team comprised civil society, the Financial Intelligence Unit and the Ministry of Mines and Mineral Resources.<\/p>\n

Also following in Liberia\u2019s footsteps, the SLEITI said it would work to create a beneficial ownership regulation to publish the shareholders of companies\u2019 human owners.<\/p>\n

\u201cSierra Leone\u2019s goal is to utilize the Liberian experience on [beneficial ownership (BO) ] progress to improve its own BO, while Liberia is looking to build on the progress of Sierra Leone,\u201d the release said.<\/p>\n

Liberia added forestry and agriculture to its EITI program, something its Sierra Leonean counterpart said it would emulate. The DayLight\/James Harding Giahyue<\/p>\n

The SLEITI is effective at work planning and recommendation follow-up, according to a 2022 report by the EITI secretariat.<\/p>\n

The LEITI said it would emulate Sierra Leone\u2019s example by including local authorities in its extractive governance programs and letting senior government officials launch its annual reports. LEITI\u2019s board of directors\u2014known as the multi-stakeholders steering committee or MSG\u2014does that.<\/p>\n

It said it would include a braille version of its annual reports to promote the participation of people with visual impairment.<\/p>\n

\u201cMr. Jeffrey N. Yates and Mr. Mohammed B. Koroma, National Coordinators of Liberia and Sierra Leone EITI Secretariats strongly expressed confidence that the peer exchange and learning event will objectively impact their respective country EITI implementation activities,\u201d it added.<\/p>\n

The German Cooperation (GIZ), the European Union (EU) and the German Federal Ministry of Cooperation (BMZ) funded the exchange exercise.<\/p>\n

For More News And Analysis About Liberia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Liberia. Sierra Leonean miners at a diamond mine in Kenema in 2020. New Narratives\/Eric Opa Doue The Sierra Leone Extractive Industry Transparency Initiative (SLEITI) will follow Liberia by enacting an EITI law, and include forestry and agriculture in it, a news release from SLEITI and its Liberian counterpart said. The decision came after […]<\/p>\n","protected":false},"author":84,"featured_media":57703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[233,237,234],"class_list":["post-57704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-liberia","tag-liberia"],"yoast_head":"\nFollowing Liberia, Sierra Leone to Enact EITI Law - Liberia<\/title>\n<meta name=\"description\" content=\"Sierra Leonean miners at a diamond mine in Kenema in 2020. 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