Togo is hosting a regional seminar on the initiative for the Extractive Industries Transparency Initiative (EITI), from May 18 to 20. The meeting is organized by the EITI Secretariat and the World Bank. Six countries will be present: Guinea Bissau, Madagascar, Rwanda, Senegal, Chad and Togo.
"The purpose of this meeting is to help countries to advance in the process of joining the initiative," said Didier Agbémadon, coordinator of the initiative for Togo.
Dammipi Noupokou, the Togolese Minister of Mines and Energy will be present at the event.
The Board of Directors of the Initiative for Transparency in Extractive Industries had accepted Togo's application, in October 2010.
The country has pledged to publish all payments of its mining sector and it could become the 32nd member of this organization which ensures improved governance in resource-rich countries through the verification and full publication of payments made by companies and revenues generated by the governments from oil, gas and minerals.
The EITI is a coalition of governments, businesses, groups from civil society, investors and international organizations.
Togo currently exploits phosphate, limestone and soon iron, gold and marble.