Papua New Guinea was accepted for candidacy as a member of EITI by its Board on 19th March 2014. PNG has until December 2015 to complete a series of requirements to meet compliance to become an EITI member, which must then be sustained. This is achievable through active cooperation between relevant government agencies, extractive industry participants and firm engagement by civil society.
The Multi-Stakeholder Group (MSG), comprising these 3 stakeholder networks, overseas the process, supported by the Independent Administrator, which was appointed in August 2015.
PNG Institute of National Affairs is a privately funded, non-profit policy research institute, or "think tank" About 80 companies contributed to its core running and management costs, with some project support from public institutions and foundations.Read More
An Independent Review was undertaken by accounting/consulting firm KPMG of PNG's Palm Oil Pricing Formula (which forms the basis for smallholder payments to outgrower oil palm producers), together with an audit of the application of the current formula (which has been in operation since the early 2000s). The review was commissioned by OPIC (the Oil Palm Industry Corporation) in 2013, and funded under the World Bankread More