Guyana’s suspension from EITI lifted as 2020 report submitted

Guyana’s suspension from the Extractive Industries Transparency Initiative (EITI) has been lifted. This follows the successful submission of Guyana’s EITI Report for the reporting year 2020.

Guyana was suspended from the EITI on February 1, 2023 due to the country’s failure to submit the report within the prescribed timeline and given an extended deadline to July 30, or risk facing expulsion.

The report provides full disclosure of government revenues from Guyana’s extractive industries, as well as disclosures of all material payments made to the government by companies operating in the oil, gas, mining, forestry and fisheries sectors.

The EITI is a global standard that promotes open and responsible management of natural resources, ensuring that revenues generated from oil, gas, and mining sectors are managed in a transparent manner for the benefit of the people.

See full report here: https://www.gyeiti.org/news/gyeiti-report-fy2020-final