A jade emporium in Naypyitaw in June, 2019. / Htet Naing Zaw / The Irrawaddy
By Nan Lwin 18 October 2019
YANGON—The Extractive Industries Transparency Initiative (EITI) board acknowledged Wednesday that Myanmar is making progress on transparency however urged the federal government to enhance public disclosure about gemstone manufacturing and state-owned enterprises (SOEs). The transparency watchdog additionally requested the federal government to make clear the standing of military-affiliated extractive firms and their actions within the nation.
After assembly this week in Addis Ababa, Ethiopia, the EITI board introduced that Myanmar has achieved significant progress in the direction of implementing impactful EITI requirements by introducing coverage reforms, enhancing transparency in extractives knowledge, stimulating strong public debate and making a platform for dialogue amongst stakeholders.
Nevertheless, the assertion emphasised the necessity for Myanmar to additional enhance public disclosure round license allocation, gemstone manufacturing knowledge and SOEs, in addition to the comprehensiveness of its EITI reporting.