The Extractive Industry Transparency Initiative (EITI) is considered a crucial framework adaptable to social contexts to ensure effective resource management, according to experts at a sector meeting held on Thursday in Maputo.
This initiative aims to enhance service quality and implement transparency requirements in the extractive industries of Angola and Mozambique.
By adopting these measures, countries can improve their performance and prepare comprehensive future reports on resource management.
The event brought together various stakeholders, including the public sector, civil society, and companies, to ensure the smooth operation of the extractive sector and address contract-related issues.
Implementing this plan will enable society to have a more independent analysis of the data, helping to identify potential gaps in data quality and inconsistencies in information.
Mozambique, with 15 years of experience in the EITI, serves as a model for Angola, which has been part of the initiative for just one year.
Experts believe that Angola can significantly improve its future reports by learning from Mozambique’s experience.
The delegations discussed various topics in joint and specialized meetings, focusing on report preparation and presentation to the International Secretariat, licensing, registration of mining activities, hydrocarbons, and civil society involvement.
The EITI meeting, which began on the 1st of the month, concludes today in Maputo, Mozambique’s capital.
