Monrovia, Liberia - Vice President Joseph N. Boakai has reiterated that the Government of Liberia remains committed to the principles and ideals of the Extractive Industries Transparency International, because there is a political will ,a key element required in the achievement of transparency and accountability .
Vice President Boakai said it is even more significant if leaders see the need to be accountable to the people they govern noting, his Government remains committed to.
Vice President Boakai made these remarks Monday when he met with a fourteen man delegation from Ethiopia and Tanzania who are in the Country to meet with Officials of the Liberia Extractive Industries Transparency Initiative to exchange ideas and views on the sector.
Tanzania became EITI compliant in 2012 and has added value to its processes of their extractive industries, while Ethiopia is moving towards EITI complaint, according to their delegations.
Vice President Boakai informed the delegation that “Liberia has taken a sizeable lead in the extractive industries sector, saying, there is a political will, we are not satisfied with where we are, and we want to move forward and in the right direction, adding we have a long way to go.”
We remain open to constructive criticism, Vice President Boakai said, we were in Australia recently to listen to other countries in order to improve on our extractive industries in Liberia.
Earlier, The Ethiopian and Tanzanian delegations said they were in the Country to exchange views and learn from their Liberian counterparts on the EITI.
It can be recalled thatVice President Joseph N. Boakai in May of this year attended the 6th Global Conference of the Extractive Industries Transparency Initiative in Sydney, Australia and informed the Summit that Liberia has gone the extra mile in fashioning legislation, which goes beyond the minimum EITI requirements.
He said the Liberian Laws in addition to reconciling payments, mandates the reconciliation of amounts due and tracking the use of earmarked payments from oil, mining, agriculture, and forestry sectors.
Vice President Boakai pointed out that since joining the EITI, Liberia continues to benefit from increased transparency and accountability, while Transparency International reports continue to show remarkable improvement in the Country’s fight against corruption.
Noting further, Vice President Boakai said Liberia remain resolute in the determination to strengthen transparency in our natural resource exploitation processes and ensure respect for the sanctity of our national laws and good practices, adding we are here in the hopes of fetching from the pool of innovative ideas that this important forum has to offer.
President Protempoare of the Liberian Senate Gbehzongar Findley,who formed part of today’s talks was last May elected as a full member of the EITI Board, representing the Africa Regional Block 1 Countries at the Sydney Summit, a release from the Office of the Vice President said.