The Philippines has withdrawn from the Extractive Industries Transparency Initiative (EITI) on the back of “questionable metrics and procedures for assessing the compliance of implementing-countries” with the organization’s transparency requirements, the Department of Finance (DOF) said in a statement yesterday.
In a June 20, 2022, letter addressed to Helen Clark, EITI chairman and former New Zealand prime minister, Finance Secretary Carlos Dominguez called EITI’s Validation — a quality assurance assessment process — “subjective, biased and unfair.”
“We find that the manner by which the EITI Board undertakes its Validation is unduly subjective, biased and unfair. The Philippines has no confidence in the ability of the EITI to undertake an impartial, transparent and evidence-based Validation process,” Dominguez said.
The DOF chairs the Philippine-EITI, a multi-stakeholder body that governs the implementation of the EITI in the Philippines.
