Vice President Boakai Addresses the 6th summit of the Extractive Industries Transparency Initiative in Sydney, Australia

Thursday, 23rd May 2013

Monrovia, Liberia - Vice President Joseph N. Boakai has told the 6th Global Conference of the Extractive Industries Transparency Initiative currently convening the Australian Capital Sydney 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 is heading a high power Government of Liberia Delegation to the 6th Summit of the EITI. The 4th and 5th Summits were attended by President Sirleaf and Former Finance Minister Augustin Ngafuan respectively according to a release from the Office of the Vice President.

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.

Vice President Boakai has been meeting on the Sidelines of the summit the German Parliamentary Secretary Ms. Gudrun Kopp and German Ambassador Dr. Christoph Mueller.

He is also expected to meet with the Director of AusAID Mr. Peter Baxter.

Meanwhile the President ProTempoare of the Liberian Senate, Gbehzongar Findley has been elected as a full member of the EITI Board, representing the Africa Regional Block 1 Countries.