EITI BECOMES INTERNATIONAL STANDARD

17.04.2007 [22:24]
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The 2nd meeting of the Extractive Industries Transparency Initiative (EITI) Board was held on April 11, 2007 in Berlin, Germany. Shahmar Movsumov, Chairman of the EITI National Committee, member of the Board and the Executive Director of the State Oil Fund of the Republic of Azerbaijan participated at the meeting.

The Board members asserted quick expansion of the EITI implementation process worldwide and discussed the activities carried out towards making EITI a global standard. The Board decided on the procedures of delisting of non-performing countries before the next EITI Board meeting to be held in September, 2007 in Oslo, Norway.

Sh. Movsumov presented the draft UN resolution supporting EITI, which Azerbaijan government considered to forward to the UN General Assembly. Discussing the draft resolution the Board members hailed Azerbaijan`s initiative once again.

Sh. Movsumov advised the EITI Board members during the Board`s first meeting on December 7, 2006 at the UN Headquarters in New York that Azerbaijan government would consider forwarding a resolution to the UN General Assembly supporting EITI.

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EITI BECOMES INTERNATIONAL STANDARD

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