LEITI is both a Legal Requirement and a Business Necessity

Ensuring transparency over all funds paid to Government of Liberia by mining, oil, logging and agriculture companies is not only a matter of complying with the new LEITI Act, it is a matter of necessity for both the Government and companies as well as civil society. The Government needs such transparency in order to maximize revenues collection and ensure their proper use for poverty reduction programs, while the companies also benefit from the process through improved community relations and security of investment, which result from the public knowing what the companies pay to the Government. It is therefore important that compliance with the EITI requirement concerning disclosure and publication of payments and revenues be seen more as a necessity than a legal requirement. Read more |
Photo Credit: LEITI

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