The Solomon Islands is considering reapplying to be a member country of the Extractive Industries Transparency Initiative (EITI). EITI is the global standard to promote the open and accountable management of oil, gas and mineral resources.
Solomon Islands announced its intention to join the global extractive industries initiative in 2011 but withdrew its candidacy in June 2018.
Guided by the belief that a country’s natural resources belong to its citizens, the EITI has established a global standard to promote the open and accountable management of oil, gas and mineral resources. The EITI Standard requires the disclosure of information along the extractive industry value chain from the point of extraction, to how revenues make their way through the government, and how they benefit the public.
The Ministry of Mines, Energy and Rural Electrification (MMERE), through the Mines Division’s Economic Geology Section is a stakeholder in the initiative.