The Philippines will host the Extractive Industries Transparency Initiative (EITI) Global Conference in June next year, as announced by the Department of Finance.
Finance Secretary and PH-EITI Chairman Ralph G. Recto highlighted that the country's hosting of the conference demonstrates its commitment to upholding EITI's principles and promoting good governance in extractive industries.
EITI is a global standard that promotes transparency in managing oil, gas, and mineral resources, with member countries committing to full transparency across the extractive value chain.
The conference will gather delegates from governments, industry, civil society, and academia to discuss strategic priorities including anti-corruption efforts, domestic resource mobilization, responsible resource governance policies, data use, transparency innovations, and challenges in the extractives sector.