Latest update August 5th, 2026 1:19 AM
Jul 03, 2026 News
(Kaieteur News) – The Government of Guyana has secured a seat on the International Board of the Extractive Industries Transparency Initiative (EITI) for the 2026–2029 term. The appointment will see Minister of Natural Resources, Vickram Bharrat serve as a Principal Member of the Implementing Country Constituency.
In this capacity, Minister Bharrat will act as the official representative for the entire Latin America and the Caribbean region on the global governing body. The announcement was made official on Tuesday, June 30, 2026, by the EITI International Secretariat via an official circular. It follows a rigorous, four-month regional nomination and consensus-building process that spanned from February 11 to June 24, 2026.
Minister Bharrat takes on this international mantle at a critical juncture for the nation’s domestic resource sector. Guyana is currently in the midst of its comprehensive 2026 EITI Validation process, an intensive global evaluation that evaluates the country’s progress in resource transparency, data disclosure, and tri-sector collaboration among government, industry, and civil society.
By securing a position on the international board, Guyana has positioned itself at the forefront of regional transparency policy. This comes as the Ministry of Natural Resources continues to drive domestic structural and legal updates to ensure alignment with the evolving EITI Standard.
The EITI is the global standard for the good governance of oil, gas, and mineral resources. Guyana’s presence on the board ensures that the country will have a direct hand in shaping the policies that govern how nations manage and report on their extractive wealth on the world stage.
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