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A PRESENTATION ON EITI IMPLEMENTATION IN ZAMBIA

This presentation by Mr. Siforiano S. Banda discusses the implementation of the Extractive Industries Transparency Initiative (EITI) in Zambia. EITI aims to combat the 'resource curse' by promoting transparency and accountability in the management of natural resources. Despite Zambia’s rich mining history, the country faces persistent poverty and underdevelopment. The presentation highlights the background, benefits, and challenges of EITI implementation, emphasizing the need for stakeholder engagement and compliance to ultimately contribute to sustainable economic development.

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A PRESENTATION ON EITI IMPLEMENTATION IN ZAMBIA

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  1. A PRESENTATION ON EITI IMPLEMENTATION IN ZAMBIA PRESENTED TO Zambia Alternative Mining Indaba Workshop-Ndola BY MR. SIFORIANO S. BANDA HEAD-EITI ZAMBIA SECRETARIAT

  2. JUSTIFICATION OF EITI Countries rich in natural resources ( non-renewable) experience a ‘resource curse’ leading to high levels of poverty and conflicts among other things due to lack of transparency and accountability. EITI is intended to address the issue of a ‘resource curse’ by promoting transparency and accountability in the use of natural resources.

  3. JUSTIFICATION OF EITI • This is done through disclosure of payments by oil, gas and mining companies and revenues received by government. • Benefits of implementing EITI include increasing revenue collection and investment promotion contributing to poverty reduction and sustainable economic development.

  4. GENERAL EITI BACKGROUND • The Extractive Industries Transparency Initiative (EITI) is a global coalition of: • Donors, • Oil, gas and mining companies, • Resource-rich countries, • Civil society organizations and • Investors.

  5. GENERAL EITI BACKGROUND • The Initiative was first announced at the World Summit for Sustainable Development, held in Johannesburg, South Africa in 2002 • The EITI was launched in London in 2003. • To date about 40 countries in Africa, Asia, Latin America, Middle East, Caribbean Countries and Europe have subscribed to the Initiative.

  6. CURRENT GLOBAL EITI SITUATION • Some developed countries are also intending to join EITI to promote transparency and accountability in revenues generated by multinational companies and reduce tax evasion ( Economic forum in South Africa comments by Mr. Koffi Annan and recent G8 summit comments by Mr. David Cameron to fight tax evasion)

  7. CURRENT GLOBAL EITI SITUATION • Developed countries intending to join EITI are: • United States of America • United Kingdom • Canada • Australia • France

  8. CURRENT GLOBAL EITI SITUATION • Other developing countries intending to join EITI: • Uganda • South Sudan • Malawi

  9. EITI IN ZAMBIA • Zambia has been mining copper for over 100 years • Zambian economy depends on the mining sector for its exports and development • Despite this scenario, the country is still experiencing high levels of poverty and underdevelopment.

  10. EITI IN ZAMBIA • The privatisation was expected to address poverty and development for the country • However, after privatisation, the stakeholders believed that the country was not benefiting from the privatisation programme

  11. EITI IN ZAMBIA • The stakeholders felt that privatisation was not achieving its objectives because of some of the following negative perceptions: • Lack of transparency in the negotiations of mining agreements; • Lack of information on what mining companies were paying to the Government

  12. EITI IN ZAMBIA • Zambia joined EITI in 2009 and became compliant on 19th September 2012 • Being compliant means Zambia has put in place processes for disclosing payments by mining companies and revenues received by the government and government agencies

  13. EITI POST-COMPLIANT ACTIVITIES • Expanding scope • EITI to provide a platform for discussing issues such as: • To assist in developing a policy in ‘Mineral-Resource-Use-Policy’ • Transparency in mineral production • Address Tax evasion and Transfer Pricing

  14. EITI POST-COMPLIANT ACTIVITIES • Transparency in extractive contracts and licenses • Contribute towards the expanding of the Tax base ( include small mining companies and Gemstones, Artisans) • Enacting of the EITI Act

  15. EITI IMPLEMENTATION CHALLENGES • Make EITI financially sustainable • Synchronise the financial reporting years between government and mining companies • Create EITI database

  16. EITI IMPLEMENTATION CHALLENGES • Effective monitoring of EITI implementation by Civil Society Organisations (CSOs) and the Media • Active engagement of the CSOs and the Media in disseminating the EITI reports to the public • Timely production of Reconciliation reports

  17. CONCLUSION • Long terms goal of EITI is to contribute to poverty reduction and sustainable economic development

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