Beyond the minimum requirements
A pioneer in beneficial ownership disclosure: One of the first EITI implementing countries to disclose the identity of the beneficial owners of mining companies, including politically exposed persons, and flagged risks of conflicts of interests, making it harder for companies to hide behind tax havens. This also brought accountability in how licenses are issued.
Contract transparency: The government has adopted a policy stating that “any cession, sale or rental of the state’s natural resources is made public within 60 days of their execution”. EITI Reports now monitor the implementation of this policy that has led to the publication of more than 130 contracts between the government and oil, gas and mining companies.
Disclosure of social payments: Mining companies make substantial social payments to local communities. EITI Reports include information on both mandatory and voluntary social payments with a clear distinction between the two.
Extending the scope of EITI reporting to artisanal and small scale mining (ASM) and forestry: The DRC published two scoping studies on ASM and forestry sectors in September 2015. These two reports map out for the first time the stakeholders involved and various revenues streams paid by informal and semi- formal actors to local and central authorities.
We continue to suffer from the terrible reputation inherited from previous governments, but we hope that people and investors can see that we have made enormous progress in changing old practices.
HE Matata Ponyo Prime Minister
We have learned from the EITI to include civil society in the implementation of our reform agenda.
HE Henri Yav Mulang, Minister of Finance
Improving public financial management and embedding the EITI in government systems
Upon request from the Parliament, the DRC published its 2013 and 2014 Reports in 2015, bringing its reporting up-to-date and ensuring that EITI reporting contributes to harmonising and enforcing auditing practices across government agencies to improve public financial management. As part of EITI reporting, the auditor general office systematically audits all government agencies that are required to report.
The Ministry of Finance publishes quarterly reports of government revenues from the extractive sector, which are later reconciled with company data, broken down by company, and published on the EITI-DRC website. The MAP-X pilot project has the ambition to strengthen and integrate government record keeping systems, making them interoperable, robust and transparent, which in the long term will alleviate the burden of publishing extensive annual EITI Reports.