Armenia Became EITI Candidate Country

Armenia Became EITI Candidate Country

Information and Public Relations Department of RA Nature Protection Ministry

The Extractive Industries Transparency Initiative Board approved Armenia’s EITI candidature application at the EITI board meeting held in Bogota, Colombia on 9 March 2017 and Armenia attained the EITI candidacy status.

Thereby, Armenia became the 52th country that implements the EITI Standard.

Implementing EITI will lead to transparency in the mining sector and increase accountability to citizens. These factors are essential for improvement of the business environment in the country. A well-managed natural resource extraction can become more profitable for the citizens of Armenia, and the EITI is the right tool to achieve this goal. By dint of EITI a huge amount of relevant data and useful information will be available to the all beneficiaries. And the most valuable aspect of the EITI process is the fact, that the multi-stakeholder critical engagement will lead to increased trust and cooperation between all involved parties.” said Chief of Staff-Minister and MSG Chair Davit Harutyunyan.

15:10 March 13, 2017

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