Iraqi EITI Report – The Need to Act

By Ahmed Mousa Jiyad.

Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News.

Iraqi EITI Report 2011: The Need to Act Promptly,

Effectively and Properly

This contribution was based on PowerPoint presentations I delivered before “EITI Beyond Compliance Report Analysis Workshop” organised by Revenue Watch Institute-RWI (USA), Erbil, Iraq, 6-8 June 2013, and was attended by 20 of the strongest Extractive Industry governance focused Iraqi Civil Society Organisations-CSOs’ Coalition members.

Introduction

Iraq is required to present its Extractive Industry Transparency Initiative-IEITI Report 2011 by December 2013. The Secretariat and the Multi-Stakeholders Group of the IEITI hold critical, if not the prime, responsibility in the reporting process leading to releasing the national report in compliance with the EITI Standard.

Since the IEITI Report 2011 is expected to be qualitatively and quantitatively very different from previous two reports for 2009 and 2010, both the Secretariat and the Multi-Stakeholders Group face serious challenges in producing the anticipated high/ different quality report within the limited available time.

This paper focuses mainly on short term perspectives and attempts to identify the most important challenges, proposing some practical suggestion, identifying few opportunities of international cooperation and finally ends with concluding remarks.

The full paper can be downloaded here.

Mr Jiyad is an independent development consultant, scholar and Associate with Centre for Global Energy Studies (CGES), London. He was formerly a senior economist with the Iraq National Oil Company and Iraq’s Ministry of Oil, Chief Expert for the Council of Ministers, Director at the Ministry of Trade, and International Specialist with UN organizations in Uganda, Sudan and Jordan. He is now based in Norway (Email: [email protected]).

6 Responses to Iraqi EITI Report – The Need to Act

  1. albert June 25, 2013 at 5:05 pm #

    will the dinar ever be revalued

  2. William June 29, 2013 at 1:39 am #

    I would like to know whats going on with the introduction of the Iraqi dinar to the global market and what is the speculation on how much it will come out at? 0.10 cents or a little higher or lower? is IRAQ any closer to be in the global market at all?

  3. William June 29, 2013 at 1:42 am #

    is Iraq re-evaluating their currency soon? and whats going to happen to those who have invested onthe Iraqi dinar? are we going to loose our investment completely? i have been trying to find a hard source or link to where i can be up the date on whats going on with IRaq or the Iraqi dinar? I have tried the CBI/ Iraqi central Bank website but they haven’t update that site since 2012. Worthless.

  4. wayne July 12, 2013 at 7:49 pm #

    You will NOT lose your investment on the dinar. It will soon be one of the strongest currencies in the world. Stay tuned…..

  5. William July 13, 2013 at 2:14 am #

    Thanks

  6. wayne July 14, 2013 at 4:25 am #

    We stand at the door, awaiting it to open up for us… the ball is in their court. Monday is a key day to know where we stand on the dinar going global!!