The
EITI
(Continued from page 3)
Effective implementation of the EITI would require the
Government of Sierra Leone to hire an independent auditor
through a competitive and transparent bidding process
to carry out a financial and operational audit, as well
as the sustained financial backing of government and the
international community. These efforts must be then supplemented
by the enacting of effective legislation requiring the
public disclosure of extractive companies’ payments
to the government as well as the revenue that government
receives. For the program to be effective, a civil society
coalition focused on the EITI would be instrumental in
helping design and monitor the program, as well as verifying
the published returns and holding government accountable
for the use of the revenue generated. The support and
vigilance of the international community, particularly
the
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World Bank, would also be critical
to ensure the effectiveness and transparency of such an
endeavor.
The realization of a successful implementation of EITI policies
in Sierra Leone would be dramatic. If companies and government
were effectively forced to behave in a more transparent
manner and loopholes allowing the diversion of funds were
plugged, a major facet of corruption in the extractive industries
would be addressed, allowing greater revenue to be derived
for government and public services. Such progress would
also improve the business environment by attracting foreign
direct investment, particularly from more responsible and
reputable companies who would have otherwise been reluctant
to invest in and support an industry renowned for its widespread
corruption.
The question remains then how to get Sierra Leone onboard
this initiative. Nigeria and Ghana have signed on to the
pilot program, and have already met with success in monitoring
and increasing revenue from
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their extractive industries. Despite
the June 2003 declaration at the EITI Conference in London
by Sierra Leone’s Minister of Mineral Resources, Hon.
Alhaji Mohamed Swarrey Deen, that his government “stands
ready to pilot the approach and…request[s] assistance
from our partners to establish an efficient monitoring procedure,”
the country is yet to take a significant step forward by
signing on to the initiative.
Therefore it is apparent that civil society – media,
unions, the NGO sector – must embrace the principles
of the Publish What You Pay (PWYP) campaign and take the
lead by pressing the government to be more proactive in
the adoption of this initiative. Indeed, the success of
the entire program is very much dependent on the sustained
activism on the part of civil society to ensure that, once
implemented, all parties are complying with the laws.
Read more on the web at:
www.accountability-slo.rg
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