Zela Welcomes Government Proposal To Adopt Global Standard (EITI)
Zimbabwe Environmental Law Association (ZELA) has welcomed the government’s proposal to adopt a global standard for good governance in extractive sectors.
The Extractives Industries Transparency Initiative (EITI) seeks to address key governance issues in the extraction of oil, gas and mineral resources.
ZELA disclosed in a statement that the adoption of this global standard will release the value of Zimbabwean natural resources. ZELA said:
This is one of the national budget’s great call in unleashing the potential of the natural resources sector to contribute to economic development while strengthening mineral resources governance in the country.
The EITI is one of the well-known mineral resources governance frameworks globally and civil society organisations like Zela and the Publish What You Pay Coalition Zimbabwe Chapter have been calling for the Zimbabwe government to adopt it.
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More: Daily News
