• Contact Us
  • Advertise with us!
  • Classifieds
Sunday, May 3, 2026
  • Login
Demerara Waves Online News- Guyana
  • Home
  • News
    • Premium News
    • Politics
    • Courts
    • Crime
  • Oil & Gas
  • Business
  • Agriculture
  • Health
  • Education
  • Sport
  • Opinion
  • Podcast
  • Contribute Securely
No Result
View All Result
  • Home
  • News
    • Premium News
    • Politics
    • Courts
    • Crime
  • Oil & Gas
  • Business
  • Agriculture
  • Health
  • Education
  • Sport
  • Opinion
  • Podcast
  • Contribute Securely
No Result
View All Result
Demerara Waves Online News- Guyana
No Result
View All Result
Home Accountability

Extractive industries report silence can jeopardise Guyana – policy forum

Denis Chabrol by Denis Chabrol
Friday, 4 July 2025, 13:43
in Accountability, Business, Mining Industry, Natural Resources, News, Oil & Gas, Transparency
0 0
0
Global extractive industries transparency watchdog lifts Guyana’s suspension

Last Updated on Friday, 4 July 2025, 13:43 by Writer

The Guyana Extractive Industries Transparency Initiative (GYEITI) has been effectively inactive for the past six months, following the publication of its sixth annual report in December 2024, Policy Forum Guyana (PFG) said Thursday.

“Since then, all functions of the Initiative have come to a halt, with no formal explanation offered by the Ministry of Natural Resources or the GYEITI National Secretariat,” the organisation said in a statement.

The Ministry of Natural Resources did not immediately comment on the issue. Back in July, 2023 the Norway-headquartered Extractive Industries Transparency Initiative (EITI), a global watchdog against corruption in oil and gas, mining and quarrying, forestry, and fisheries sectors, had lifted its suspension of Guyana after the country met the deadline to submit its 2020 report. At that time, the government had blamed well-known civil society activists Mike McCormack and Vanda Radzik for the suspension.

PFG said repeated attempts by members of the multi-stakeholder group (MSG), including representatives from civil society and the extractive industry, to clarify the status of GYEITI and the appointment of new MSG members, have gone unanswered or without any requisite action. The Forum said the International EITI Secretariat has also made multiple enquiries, none of which has resulted in the required response and action necessary.

In January 2025, PFG—formally tasked with coordinating the MSG-Civic elections—submitted the list of new civil society nominees to the Ministry of Natural Resources for the required formality of ministerial letters of appointment. “To date, no acknowledgment or response has been received, despite multiple follow-ups in writing and by phone from both local stakeholders and international EITI entities,” PFG said.

PFG warned that that lack of engagement poses significant risks for Guyana. Notably, the organisation said, the production of the Seventh Annual Report is now delayed, jeopardizing Guyana’s compliance with EITI standards. “A previous missed deadline led to the country being placed on probation,” the Forum recalled.

GYEITI’s second Validation is due later this year. The first Validation yielded only very modest, and some failed, results. A second potential failure—particularly without a functioning MSG—could result in suspension from the global EITI initiative, according to PFG.

The Forum says the situation has raised alarm at the international level, and has been referred by the International Secretariat to the EITI Board.

While responsibility for formalizing MSG appointments lies with the Minister of Natural Resources, PFG says concern has also grown regarding the conduct of the GYEITI National Secretariat. Its refusal to provide updates or defend the integrity of the process has heightened scrutiny of its current leadership.

PFG added that the National Coordinator’s three-year tenure has been marked by a persistent refusal to recognize the MSG as the Secretariat’s oversight body. “Instead, the National Coordinator has operated as an extension of the Ministry of Natural Resources, raising further concerns given his lack of qualifications or experience in the extractive industries, and the perceived politicization of the role. Since the end of the National Coordinator’s 3-year contract early this year, we are unaware of any public call or public advertisement inviting suitable candidates to apply for the position of National Coordinator of the National GYEITI Secretariat – which is the procedure for GYEITI transparent contracting of the National Coordinator.”

“The stalled appointment of the MSG and its non-functioning for the past six months, the impending Validation, and concerns over leadership, competence and independence of the National Coordinator require urgent action. Continuing silence will undermine Guyana’s commitment to transparency, accountability, and good governance in the extractive sector,” the Forum added.

Share this:

  • Print (Opens in new window) Print
  • Email a link to a friend (Opens in new window) Email
  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Telegram (Opens in new window) Telegram
  • Share on WhatsApp (Opens in new window) WhatsApp

Discover more from Demerara Waves Online News- Guyana

Subscribe to get the latest posts sent to your email.

Tags: annual reportsGuyana Extractive Industries Transparency Initiative (GYEITI)Policy Forum Guyana (PFG)silencestallwatchdog
Previous Post

Trinidadian, Chinese businesses facing scrutiny for foreign exchange shortage, gold smuggling

Next Post

Basic food items up 75% in past four years

Next Post
Basic food items up 75% in past four years

Basic food items up 75% in past four years

Recent News

OpEd: A World Press Freedom Day lunch to celebrate information control

OpEd: A World Press Freedom Day lunch to celebrate information control

Sunday, 3 May 2026, 14:19
FITUG pledges loyalty to Irfaan Ali

FITUG pledges loyalty to Irfaan Ali

Saturday, 2 May 2026, 1:46
OPINION: A Labour Day Call to Protect All Workers from Discrimination

OPINION: A Labour Day Call to Protect All Workers from Discrimination

Friday, 1 May 2026, 18:38
Food import restrictions possible under WTO rules; “We are eating ourselves to death with the imported foods we eat”- FAO official

Opposition recommends fuel subsidies, price controls to ease cost of living

Friday, 1 May 2026, 16:24
APNU, WIN appeal to unions for support to dislodge PPPC from office

APNU, WIN appeal to unions for support to dislodge PPPC from office

Friday, 1 May 2026, 14:47

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 156.7K other subscribers

Demerara Waves Media Inc. is a Guyana-based digital news media company committed to delivering timely, credible, and relevant news coverage. We report on key national issues, including politics, business, crime, education, health, sports, and culture, serving readers in Guyana and abroad.

Other News and Opinion Wesbsites

  • Caribbean Political Economy
  • The View From Europe
  • Pan Caribbean Voices
  • Huffington Post
  • Caribbean Life
  • New York Daily News
  • New York Post
  • Share News
  • Caricom Headquarters
  • Association of Caribbean States
  • Organisation of Eastern Caribbean States

Recommended News Links

  • Insight Guyana
  • BBC Latin America
  • Prensa Latina
  • Mercopress
  • Inter Press Service
  • Caribbean Media Corporation
  • Al Jazeera
  • Voice of America
  • Business News Americas
  • All Africa
  • Catholic News Agency
  • Xinhaunet China News Agency
  • Home
  • News
  • Oil & Gas
  • Business
  • Agriculture
  • Health
  • Education
  • Sport
  • Opinion
  • Podcast
  • Contribute Securely

© 2026 Demerara Waves Media Inc. | A GxMedia Website Solution.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Premium News
    • Politics
    • Courts
    • Crime
  • Oil & Gas
  • Business
  • Agriculture
  • Health
  • Education
  • Sport
  • Opinion
  • Podcast
  • Contribute Securely

© 2026 Demerara Waves Media Inc. | A GxMedia Website Solution.