40 order to promote good governance and greater transparency in the management of this strategic sector for our country’s economic take off. The EITI promotes and encourages public discussions on management of public revenue from mining resources through the establishment and operationalization of a multi-actor monitoring system composed of three types of actors, namely the administration, mining companies and civil society organizations. The involvement of civil society organizations, which are the mouth-piece of the populations in taking decisions aimed at promoting a healthy exploitation of mining resources, enhances the effectiveness of the EITI in the search for social and economic stability, as it enables mining companies to protect their investments. Indeed, the publication of payments made by mining companies to the State enables the citizens to be informed about the fallouts of the mining industry and international private companies to be assured of the willingness of the Burkinabe Government to promote good governance in its mining sector. For its sustained efforts in ensuring efficient and transparent management of financial flows between the mining companies and the State throughout 2012, Burkina Faso was raised on 27 February 2013 to the rank of EITI compliance countries by the Board of Directors of this initiative considered as an international standard of good governance in the area of exploitation of natural resources (mines, oil and gas). Compliance with the EITI is a distinction that confirms the vigour, rigour, perspicacity and transparency with which Burkina Faso manages the exploitation of its mining resources. This means that the country has an efficient approach to periodic publication of the revenue from the mining sector and that the figures are available and accessible to the public, who can appreciate the contribution of the mining sector to the country’s development.

Select target paragraph3