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Time in Yerevan: 11:07,   29 March 2024

Installation of EITI standard in line with Government’s open and transparent activity – PM Karapetyan

Installation of EITI standard in line with Government’s open and transparent activity – PM 
Karapetyan

YEREVAN, MARCH 24, ARMENPRESS. Prime Minister Karen Karapetyan on March 24 attended the event dedicated to Armenia’s becoming a candidate member state of the Extractive Industries Transparency Initiative (EITI), press service of the Government told “Armenpress”.

The event was organized by Armenia’s Government, through the assistance of the USIAD “Improving mining sector transparency” program.

“This is a beginning of new process for Armenia which aims at making one of the key sectors of the economy, mining industry more transparent, the work of state bodies and extractive organizations more accountable, and Armenia’s citizen more competent and informed. These are definitely in accordance with the Government’s open and transparent activity and are integral part of our reforms”, the PM said.

Karen Karapetyan said the mining sector is an important and complex field where public expectations, the interest of a businessman and the sustainable development priorities of the state are crossed. “For us the important thing is to find the balance formula which will create a transparent and effectively governing field, will attract investments that will ensure stable economic growth by applying the best international experience and standards”, the PM said, attaching importance to the formation of EITI platform.

He added that the Government’s group, comprised of extractive companies and civil society representatives, under the supervision of Minister Davit Harutyunyan, completely fulfilled its tasks within a year as a result of which Armenia received a status of EITI candidate country.

“At the same time I think that EITI membership is a measure, but not the end. It is necessary to launch the next stage of works the results of which must be visible to every citizen of Armenia. By making the issue more concrete, within the upcoming half a year we must have a high-level of financial transparency in Armenia’s metal mining industry with a report corresponding to the EITI standard and complete and affordable information available to public. But as a prospective goal, the platform can also serve as a potential on strengthening the best international experience and the idea of responsible mining sector”, Karen Karapetyan said and thanked the international partners for the support shown to the carried out works and for the readiness to continue assisting the process.

By attaching importance to the installation of EITI standard, Minister-Chief of Staff of the Government Davit Harutyunyan said it will enable to ensure Armenian citizens’ right to freedom of information in the mining field. “As a member of the group, I can state that a completely new, unprecedented management culture is being installed in Armenia. By reaching our goal to join the EITI, now we must start implementing the program. From now on, my only call will be to be guided with one common goal in the work, that is to increase transparency and accountability of the mining sector”, Davit Harutyunyan said.

In his speech, US Ambassador to Armenia Richard Mills congratulated Armenia on becoming an EITI candidate country. “The most important, however, is not becoming an EITI member, but the commitment that the Government, civil society and mining sector assume, which is to constantly unite efforts for ensuring greater transparency and contributing to clean, responsible mining sector development”.








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