EITI in Liberia
The Republic of Liberia was admitted as an EITI candidate country in 2008 and was the first African country to become EITI compliant in 2009.
The LEITI Act of 2009 requires that all extractive companies and covered Government's ministries and agencies disclose, at least once every year, the data of all payments made and revenues received in respect of the extraction of Liberia's forest and mineral resources. This initiative is in support of the government's effort to promote transparency and accountability over the management of revenues from Liberia's extractive resources, ensuring that all citizens benefit from such resources.
The Republic of Liberia has been temporarily suspended from the EITI since September 2018 due to reporting delays and a stalled MSG process. In March 2019, the Board mandated the Secretariat to undertake a review of adherence to Requirements 1.1 & 1.5 and found that limited progress had been made in meeting the requirements. The Board agreed that Liberia would need to demonstrate progress in meeting the requirements by 31 December 2019 to avoid delisting. The EITI Board reviewed progress made and agreed that the EITI process in Liberia has been credibly revived. The Board agreed to lift Liberia's temporary suspension effective 6 March 2020. The decision is due to improvement in implementation related to multi-stakeholder group (MSG) oversight (Requirement 1) and the publication of outstanding EITI Reports.
The next validation of The Republic of Liberia against the EITI standard 2019 is expected for April 2021.
The LEITI process covers four sectors in Liberia: mining, oil & gas, forestry, and agriculture. To date eleven (11) annual EITI Reports have been published covering the period from 1 July 2007 until 30 June 2018.