The International EITI Board designated Kazakhstan as ‘EITI Compliant’ country

For the last 8 years since Kazakhstan was accepted as EITI candidate country, Kazakhstan government, extractive companies and civil society organizations, have worked together at the National Stakeholders Council (NSC) on the implementation of EITI and have achieved a significant progress in establishing multilateral dialogue and reporting companies’ payments to the government.

Commitment to the EITI principles ensures the right of citizens to access to public information, contributes to better management of natural resource revenues, and has a positive effect on the investment climate.

Soros Foundation-Kazakhstan urges stakeholders to support further development of EITI in Kazakhstan for the purpose of sustainable development.

Note:

EITI is an international standard that ensures transparency around countries’ oil, gas and mineral resources. As part of the Initiative, companies disclose information about their payments to the government. A third party then reconciles this information with the information on government’s revenues. Regular independent validation reviews compliance with the EITI requirements, the impact of the EITI, lessons learned in EITI implementation, as well as any concerns stakeholders have expressed, and develops recommendations for the future implementation of the EITI.

The Republic of Kazakhstan joined EITI in 2005. In 2006, National Stakeholders Council for implementation of EITI was established. The Council comprised of representatives of the Parliament of the Republic of Kazakhstan, the government agencies, extractive companies, as well as representatives of non-governmental organizations.

Soros Foundation-Kazakhstan supports the EITI since 2004 working actively with all stakeholders.