22 December 2012

Tanzania: World Bank Lauds Country's EITI Compliance

TANZANIA'S compliance with the Extractive Industries Transparency Initiative (EITI), which promotes greater transparency and accountability in managing oil, gas and mining sectors, "is a milestone for the country's economic growth prospects," said the World Bank's Tanzania country director, Philippe Dongier.

"The compliance with the EITI comes at a crucial time when Tanzania has made huge gas discoveries and the public is calling for responsible management of the new resources." Compliance with EITI means that Tanzania's EITI process, launched in collaboration between government, mining companies and civil society, has been formally recognised by the EITI's international board.

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