GUYANA has taken steps to ensure transparency in its quest   to improve openness and accountable management of revenues from the mining sector.The Ministry of Natural Resources and the Environment (MNR&E)   has disclosed that  a  Country Page for Guyana has been launched on the website of the Extractive Industries Transparency Initiative (EITI).

The Guyana Country Page  can be found at the following link: www.eiti.org/guyana.
EITI is  the global   coalition of governments, companies and civil society working together to improve openness in the extractive industries in member countries.
Through the EITI companies in the  mining sector in member states   are required to publish what they pay to governments and governments are required to publish what they receive from companies, thereby increasing transparency and building trust between Governments Companies and the public.
EITI COMPLIANCE

The EITI compliance   empowers  the public to more effectively hold government accountable for mining  resource revenues. Guyana announced its commitment to implement the EITI in May 2010
In May 2012, the MNR&E  and the EITI International Secretariat signed a Memorandum of Understanding to assist Guyana in its preparation for EITI candidacy and membership.

The U.S. Department of State has allocated almost $300,000 from the Fiscal Transparency Innovation Fund (FTIF),  including a full-time technical advisor within the Ministry of Natural Resources and the Environment.

The Inter-American Development Bank (IDB)  and the World Bank are providing technical advice to the government of Guyana in its efforts towards EITI candidacy.

Currently, Guyana is undergoing a scoping study which will determine its readiness for the principles and standards of the EITI.

The study is being conducted by Moore Stephens International and a report will be submitted to MNR&E by January 2015.
As at early  2014 there were  29 EITI compliant countries and  17  candidate countries and 35 countries had produced EITI  reports.
EITI members include Azerbaijan, Liberia,  Albania, Burkina Faso, Cameroon, Central African Republic, Democratic Republic of Congo, Republic of Congo, Cote d’Ivoire, Equatorial Guinea, Gabon, Ghana, Guinea, Kazakhstan, Kyrgyzstan, Mali, Mauritania, Madagascar, Mongolia, Mozambique, Niger, Nigeria, Peru, Sao Tome & Principe, Sierra Leone, Tanzania, Timor-Leste, Yemen, and Zambia  to name a few.
The creation of the Guyana Country Page at EITI  was requested  by Minister   Robert Persaud on behalf of the Government of Guyana.
The Guyana Country Page will be updated by the EITI Internal Secretariat  regularly to show Guyana’s progress towards application for candidacy.