The Government of Guyana submitted its 2023 Extractive Industries Transparency Initiative (EITI) report in December 2025. According to the country’s natural resource minister, preparations are well underway for the 2024 submission.
In his budget presentation this week, Minister of Natural Resources Vickram Bharrat said that 2026 will be a critical year for Guyana’s standing under the global transparency framework, as the country prepares for its second EITI validation.
The 2023 EITI report was submitted ahead of the December 2025 deadline, Bharrat confirmed, avoiding a recurrence of Guyana’s 2020 suspension. The latest report is now out on the EITI’s website.
Countries have a 24-month window within which to submit their reports to the organisation.
“We are already working to complete the 2024 annual report to be submitted… but most importantly, this year we will do our second validation report,” he said.
An EITI validation is the agency’s quality assurance mechanism that assesses how well implementing countries meet the EITI Standards of governance, transparency, and stakeholder requirements. It reviews performance, gathers stakeholder views, and provides scores on transparency, engagement, and impact to drive improvements in extractive sector management.
Guyana’s next validation was scheduled for October 2025, but has been deferred to start in January 2026.
According to the minister, the government is working to ensure it publishes “all production licences issued and all environmental permits”.
“If you go online, you will find those licences and permits available today. That is transparency and accountability,” he stated. He said this forms part of the government’s continued commitment to meeting its international transparency obligations in the extractive sector.
Guyana’s 2022, 2023 EITI reports to be ready months ahead of deadlines | OilNOW
Guyana joined the EITI in 2017, two years after the first discovery of commercial crude offshore.
The country has committed to producing reports with a comprehensive view of government revenue and associated information, about the oil and gas, mining, forestry and fisheries sectors.
