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Jakarta Post

With EITI, Indonesia incorporates transparency into governance

  • Erry Riyana Hardjapamekas

Jakarta   /   Wed, November 21 2012   /  09:56 am

As a major oil and gas producer and a heavyweight in mining, Indonesia knows the many challenges that come with managing its wealth of natural resources.

The sector is the backbone of Indonesia’s economy, the world’s most populous resource-rich nation. One-third of the national budget originates from extractive industry revenues and yet, this sector’s lack of transparency and accountability brings negative consequences, including corruption, poverty and conflict.

The government has put transparency at the center of its efforts to prevent corruption. I was personally involved in these initiatives when the Corruption Eradication Commission (KPK) was formed, and I am actively supporting the implementation of the Extractive Industries Transparency Initiative (EITI), a global standard of transparency for revenues flowing from the oil, gas and mining industries.