EBRD TRANSPARENCY
February 1st, 2004
BY KEITH NUTHALLTHE EUROPEAN Bank for Reconstruction and Development (EBRD) has agreed to formally associate itself with the international Extractive Industries Transparency Initiative (EITI), which was formed in 2002 - with the key support of Britain's Tony Blair - to fight corruption in the natural gas, oil and mining sectors. The bank will henceforth work with the initiative, developing "practical ways to promote its principles", notably that gas, oil and mining companies disclose their financial relationships with governments. The EBRD added that it would ...
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