The decision followed a request by the Government of Liberia to extend the reporting deadline, set by the EITI Standard. The EITI Board also declined Liberia’s request for an extension of its second Validation deadline, noting that the request did not meet the criteria for an extension either. The decision to suspend Liberia, experts say, comes with a lot of implications that could hurt Liberia’s quest to secure loans from international banking institutions. Now, experts say, the suspension means that the EITI Secretariat would cease engagement and support to Liberia EITI and Liberia can no longer influence policies and citizens’ confidence in the management of extractive resources is likely to drop. According to the EITI’s standards, the EITI Board will lift the suspension once Liberia’s outstanding EITI Report is endorsed by the multi-stakeholder group (MSG) and published within six months of the deadline (i.e.

Source: Front Page Africa September 11, 2018 01:18 UTC