Mozambique needs to spend at least US$1 million a year to fully implement the Extractive Industries Transparency Initiative (EITI), the national coordinator of the EITI said on Tuesday in Maputo.
Custodio Nguetane was speaking at the end of an audience granted by Mozambican Prime Minister Carlos Agostinho do Rosario, to the president of the International Council of EITI, Fredrick Reinfeldt, who is visiting Mozambique, according to Mozambican news agency AIM.
The National EITI coordinator said implementation of the initiative has been over 90% financed by international donors, a process led by the World Bank, and Mozambique’s contribution is a modest US$42,000.
The costs related to the implementation of EITI are basically related to dissemination of information, “so that the reports are accessible to everyone, especially those who are in mining areas,” said Nguetane.
Mozambique was granted the status of Transparent Extractive Industry State in 2012, and the reassessment of that status, a process that takes place every three years, is due in February.
Mozambique has published six reports since it has joined the initiative in 2009, with the next report due to be published by the end of this year, a document that should include data for the 2015 and 2016 fiscal years. (macauhub)