Monrovia, Liberia; Tuesday, December 15, 2015: The Multi-stakeholders Steering Group (MSG) of the Liberia Extractive Industries Transparency Initiative (LEITI) on December 14, 2015, endorsed and launched the LEITI 6th Reconciliation Report and reports of few other studies focused on the extractive sectors.
The 6th EITI Report for Liberia, commissioned by the MSG in March 2015 and prepared by Moore Stephens (UK) in collaboration with Parker and Associates LLC, contains reconciled accounts of payments made to, and revenues received by the Government of Liberia from the oil, mining, forestry and agricultural companies during the Fiscal Year July 1, 2012 up to and including June 30, 2013.
The Report shows that the total amount received by the Government of Liberia from the extractive sectors for the reviewed period amounted to US$185, 960m, while payment data supplied by eighty (80) companies amounted to US$179,983,000.00, resulting to a net difference of US$5,361,000.00.
The 6th Report also shows that the extractive sectors contributed to 4.11% of the total employment in Liberia during the reporting period and as well recorded payment data of In-kind Contributions made by extractive companies to the local communities and public institutions and tracked revenues from earmarked payments in various concessions agreements.
Alongside the 6th LEITI Report, the LEITI also launched reports from various studies/exercises recently commissioned by the MSG, including Beneficial Ownership Disclosure Exercise, Scoping Study in the Mining Sector and the simplified version of contracts in the extractive sectors. Continue reading
Snapshot of the LEITI Process
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South-South Video Documentary
In November 2013, the Liberian EITI hosted the first major EITI Learning exchange Program, bringing together representatives from the EITI programs in Ethiopia, Tanzanian and Liberia.
The South-South Study Tour was jointly sponsored by the LEITI and the World Bank. Please follow the link below to watch the video from the program: http://youtu.be/3z9iQB1RwEk