Studying the Norwegian Experience of Implementation of the Extractive Industries Transparency Initiative (EITI)
07 June 2016
On 29 May - 5 June 2016, the USAID Municipal Finance Strengthening Initiative (MFSI-II) Roll-out Project organized a study tour to Oslo, Norway, for members of the Multi-Stakeholder Group (MSG) and other interested parties, including representatives of central government, nongovernmental organizations, and EITI National Secretariat.
The tour objective was studying the experience of the Kingdom of Norway representing one of the best international practices of EITI implementation, in particular, familiarizing with the challenges arising in the process of EITI implementation in Norway.
As part of the study tour, the delegation took part in working meetings with representatives of the EITI International Secretariat, Norway's Ministry of Oil and Energy, Ethics Board of the Global Government Pension Fund of the Kingdom of Norway, Ministry of Foreign Affairs of the Kingdom of Norway, Norwegian-Ukrainian Chamber of Commerce, Statoil extractive company, Publish What You Pay Norway coalition, Transparency International NGO, and the Deloitte auditors, which have been Norway's Independent Administrator for seven successive years, and others.
The Norwegian colleagues have shared their experience of collaboration with extractive companies and government agencies in the context of financial relations, problems and successful examples of their resolution.
The Ukrainian delegation also took part in a meeting of the EITI Board International Secretariat and had an opportunity to familiarize with the experience of EITI implementation in other countries. During this meeting, the MSG representatives have shared with those present the Ukrainian experience in introducing the beneficiary ownership. Disclosure of information about beneficiary owners of companies is a new obligatory requirements of EITI's 2016 Standard. Therefore, this topic was very relevant for discussion.
Based on the obtained experience, the study tour participants will develop and present at a roundtable their recommendations for improving the Ukrainian legislation in the field of EITI implementation in Ukraine and the Scope of Work for the Independent Administrator in preparing the 2014 EITI Report, which will all contribute to the raising of process’ effectiveness.
The tour objective was studying the experience of the Kingdom of Norway representing one of the best international practices of EITI implementation, in particular, familiarizing with the challenges arising in the process of EITI implementation in Norway.
As part of the study tour, the delegation took part in working meetings with representatives of the EITI International Secretariat, Norway's Ministry of Oil and Energy, Ethics Board of the Global Government Pension Fund of the Kingdom of Norway, Ministry of Foreign Affairs of the Kingdom of Norway, Norwegian-Ukrainian Chamber of Commerce, Statoil extractive company, Publish What You Pay Norway coalition, Transparency International NGO, and the Deloitte auditors, which have been Norway's Independent Administrator for seven successive years, and others.
The Norwegian colleagues have shared their experience of collaboration with extractive companies and government agencies in the context of financial relations, problems and successful examples of their resolution.
The Ukrainian delegation also took part in a meeting of the EITI Board International Secretariat and had an opportunity to familiarize with the experience of EITI implementation in other countries. During this meeting, the MSG representatives have shared with those present the Ukrainian experience in introducing the beneficiary ownership. Disclosure of information about beneficiary owners of companies is a new obligatory requirements of EITI's 2016 Standard. Therefore, this topic was very relevant for discussion.
Based on the obtained experience, the study tour participants will develop and present at a roundtable their recommendations for improving the Ukrainian legislation in the field of EITI implementation in Ukraine and the Scope of Work for the Independent Administrator in preparing the 2014 EITI Report, which will all contribute to the raising of process’ effectiveness.
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