Guyana Takes Major Step Towards Beneficial Ownership Transparency in Extractive Industries

Guyana has made a significant stride towards enhancing transparency in its extractive industries by enlisting consultants to assist in implementing its Beneficial Ownership Roadmap under the Extractive Industries Transparency Initiative (EITI).

Consultants Appointed to Assist with Implementation

The Ministry of Natural Resources has appointed three consultants, Diane Barker, Michael Barron, and Tim Law, to help Guyana meet its EITI requirements and 2024 Workplan. These consultants bring extensive experience in the field, having worked globally and in Guyana.

Expertise

• Extensive experience in beneficial ownership transparency
• Global and local expertise in extractive industries
• Valuable contributions expected in helping Guyana meet its EITI requirements

Workshop Held to Educate Government Agencies

In a further move towards transparency, the Ministry of Natural Resources hosted a workshop with several government agencies aimed at educating them about beneficial ownership transparency. This critical step ensures that all stakeholders are on the same page in implementing the roadmap.

Workshop Objectives

• Educate government agencies on beneficial ownership transparency
• Ensure understanding and buy-in from all stakeholders
• Facilitate collaboration and implementation of the roadmap

Significant Leap Forward in Transparency and Accountability

With this initiative, Guyana is expected to take a significant leap forward in terms of transparency and accountability in its extractive industries. The country’s commitment to beneficial ownership transparency demonstrates its dedication to good governance and responsible natural resource management.

Key Benefits

• Increased transparency and accountability
• Enhanced trust among stakeholders
• Improved governance and decision-making