US funding project for transparency, good governance in extractive industries

The United States Agency for International Development (USAID) has announced a US$500,000 extractive industries transparency project aimed at promoting transparency and good governance in Guyana’s extractive industries.

In a statement, the US Embassy in Georgetown said the aim of the project is to build capacity for administration and governance of Guyana’s extractive resources and address gaps identified in Guyana’s first published Extractive Industries Transparency Initiative (EITI) report. 

It noted that program support will also address required changes in data collection, monitoring and reporting systems that support Guyana’s attainment of the EITI standard.