Armenia Awarded with Highest Mark by EITI Board: Armenia Made Satisfactory Progress on Implementing the 2016 EITI Standard

Armenia Awarded with Highest Mark by EITI Board: Armenia Made Satisfactory Progress on Implementing the 2016 EITI Standard
EcoLur
 
Armenia has been awarded with the highest bark by the EITI Board: Armenia has made satisfactory progress overall in implementing the 2016 EITI Standard, as RA EITI Secretariat informs. The press release disseminated by the EITI Secretariat says:

“Following the conclusion of Armenia’s Validation, the EITI Board agrees that Armenia has made satisfactory progress overall in implementing the 2016 EITI Standard.

The Board commends the Government of Armenia and the Multi-Stakeholder Group (MSG) for the exemplary progress in implementing the EITI Standard and for the country’s efforts to expand the scope of EITI reporting to issues of national concern. The Board also notes that the EITI process is robustly embedded in the broader transparency and reform agenda of the mining sector in Armenia. Moreover, the EITI has helped to contribute to a new culture of dialogue in the country by encouraging cooperation between different constituencies and providing input to mining sector reforms.

At the same time, the Board recognises that the broader environment for EITI implementation remains challenging due to opposition to mining, related to the sector’s potential environmental and social impacts. Therefore, the Board stresses the importance of ensuring continued stakeholder engagement and continued use of the EITI as a platform for discussion of topics of particular relevance for Armenia.

The Board also highlights Armenia’s steps to transition to systematic disclosures, including routine disclosures of metal mining contracts and the country’s commitment to establish a beneficial ownership register. The Board encourages further actions on ensuring routine company and government disclosers of extractives data, as well as further work on increasing use of EITI data.”

The Board has determined that Armenia will be re-Validated in three years, i.e. on 9 July 2023.

According to the requirement 8.3.b of the 2016 EITI Standard where Validation verifies that a country has made satisfactory progress on all of the requirements, the EITI Board will designate that country as EITI compliant.

Thus, as of July 9, 2020 Armenia is the 9th country among the 53 EITI member countries to be granted the status of a country with satisfactory progress".

18:39 July 16, 2020


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