Guyana’s membership of EITI is necessary but not sufficient

Introduction

Today’s article brings to a conclusion the three-part series of columns that have been reviewing Guyana’s proposed membership of the Extractive Industries Transparency Initiative (EITI). Similar to my earlier examination and assessment of government’s proposed establishment of a Sovereign Wealth Fund (SWF), Guyana’s deliberative effort to secure membership of the EITI is undoubtedly a most important pillar for its proposed framework for the governance of the impending oil and gas extraction and export industry.