Extractive Industries Transparency Initiative EITI
|Name||Extractive Industries Transparency Initiative EITI|
|Date of birth|
|Function/Grade||Afghanistan suspended from Membership|
|History and Biodata||
The Extractive Industries Transparency Initiative has suspended Afghanistan's memberships for "inadequate progress" in implementing its standard.
The Oslo-based initiative is backed by governments, corporations and financial institutions and aims to promote open and accountable management of natural resources. Afghanistan joined EITI in 2010. The country is rich in natural mineral resources, which are estimated to be worth over 1 trillion dollars.
EITI said that Afghanistan’s central government is hampered in its ability to manage and enforce revenue collection from the extractives sector and production is constrained by the precarious security situation. (20190125)