President Humala: Transparency and EITI Needed to 'Heal The Wounds' in Peru

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• Publié par: eiti
• Nombre de lectures: 4
• Langue: English

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President Humala: Transparency and EITI

Needed to 'Heal The Wounds' in Peru

PR Newswire

LIMA, Peru, June 26, 2012

LIMA, Peru

,

June 26, 2012

/PRNewswire/ --

President of

Peru

, Ollanta Humala, spoke today about how transparency is

needed to "heal the wounds" of

Peru's

mining sector. He emphasised the role

of

Peru's

EITI in healing these wounds and building a foundation for future

development.

Peru's

EITI ensures that citizens can see how much the government is receiving

from the companies extracting

Peru's

natural resources. Peru became

"Compliant" with the global EITI standard earlier this year, as the first country in

Latin America

.

Over 200 participants heard the President speak about this when he today

opened an EITI conference in

Lima

titled "Open Government and Transparency

in Extractive Industries in

Latin America

and the

Caribbean

" which is co-hosted

by

Peru's

government, the World Bank, the Inter-American Development Bank

and the EITI.

EITI Chairperson, Clare Short, welcomed senior participants from 15 Latin

American countries, including

Guatemala

, and

Trinidad and Tobago

, which are

already implementing the EITI. She noted Colombia's recent commitment to

implement. While congratulating

Peru

on achieving compliance and on using

the process to cover subnational transfers, she cautioned that progress must

not stop there. She said that the impact of the EITI can only be sustained by

going deeper to address the concerns of citizens.

The latest Peruvian EITI Report showed that the government received over

US$

5 billion

in 2010, about six times as much as in 2004 when

Peru

started

disclosing the figures. Over 60% of the revenue came from the mining sector,

but the government also received well over

US$ 1 billion

from oil and

gas. Across Latin America, revenues from the extractives sector has increased

twenty times in the past decade.The Conference is followed by the meeting of

the international EITI Board on 27-28 June.

Notes to Editors

1. Media enquiries can be addressed to Communications Manager Anders Tunold Kråkenes

at the EITI International Secretariat, [phone] or

[e-mail]

.

2. Ms Short was elected Chair of the international EITI Board in

March 2011

. Ms Short was

the UK Secretary of State for International Development (1997-2003). Her bio is

available at

http://eiti.org/cshort

.