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Peru suspended from EITI

Peru has been temporarily suspended as a member of the Extractive Industries Transparency Initiative (EITI) for failure to submit its 2019 National Transparency Report, a central commitments within the framework of the Initiative.
Peru suspended from EITI Peru suspended from EITI Peru suspended from EITI Peru suspended from EITI Peru suspended from EITI

Staff reporter

Peru failed to meet its March 31 reporting deadline for its 2019 EITI report. The suspension can be lifted if the country publishes the report within six months, that is, by September 30. If the suspension remains in effect for more than one year, the EITI board may delist Peru.

This is not the first time Peru has been censured for the tardy filing of information. Peru was suspended in 2020 for missing the deadline to file its 2017 report.

Through the EITI report, governments disclose key sector data  relating to mining canon and royalty payments companies make to government, as well as information on social and environmental payments and expenses.

The National Society of Mining, Petroleum and Energy (SNMPE) lamented the suspension. "The repeated exhortations to prioritize and speed up the procedure that allows us to advance in the fulfilment of our commitment as a country, were not timely assumed by the Minem and today the work carried out in the last 16 years in favour of transparency and the strengthening of the governance of extractive industries in Peru is at serious risk of being lost," it said.

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