Home » MEITI
Category Archives: MEITI
CESD’s Myanmar Extractive Industries Transparency Initiative (MEITI) team provided expertise and support to recent training in Nay Pyi Taw on resource governance and contract negotiation in the extractive industries. Myanmar has extensive natural resources. How these natural resources are managed, and how contracts are negotiated, will determine whether they deliver benefits and inclusive development to Myanmar.
Dr Zaw Oo, CESD Executive Officer, participated in the televised DVB Debate, “How to balance the economy and environment” on 10 January 2016.
The first Myanmar Extractive Industries Transparency Initiative (MEITI) Report was submitted to the EITI International Secretariat on 2 January 2016. The report is a key requirement for Myanmar as an ‘EITI Candidate Country’, and supports the objective of attaining ‘EITI Compliant’ status in 2017. CESD is the coordinating body for the Leading Authority of MEITI.
The first ever report of the Myanmar Extractive Industries Transparency Initiative (MEITI) will be published at the end of December, 2015 to disclose the information related to revenue received from the extractive industries to the public. The report has been compiled since July 2, 2014 when Myanmar was recognized as an Extractive Industries Transparency Initiative (EITI) Candidate Country, and it is an important requirement for Myanmar to become an EITI member country.
In May 2015, the Myanmar Extractive Industries Transparency Initiative released its report, “Institutional and regulatory assessment of the extractive industries in Myanmar”, providing a baseline assessment of the oil and gas, mining (including jade and gemstones) and the hydro-power sectors in Myanmar.
Oil, gas and mining companies are at the core of the Extractive Industries Transparency Initiative, with obligations to report their payments to government on an annual basis, and to support and govern the EITI process. This presentation explains the role of companies in EITI, the implications and benefits.