National Extractive Industry Transparency Initiative

"Portal Economic Transparency is an information platform of free access that allows any user to provide, in real time, the most comprehensive economic information that has been able to centralize the Ministry of Economy and Finance (MEF), during the tenure of the Transitional Government . The portal was officially launched on February 23, 2001, when the Minister of Economy and Finance, Dr. Javier Silva Ruete, gave the president, Dr. Valentín Paniagua Corazao, the CD-ROM of the portal developed in a public event at the Government Palace in the presence of the President of the Council of Ministers, Dr. Javier Perez de Cuellar, the diplomatic corps accredited in Peru, business people and members of the national press.

"Peru was invited to be part of the EITI in 2004, because of the importance of the extractive industries of mining and hydrocarbons in its GDP and exports, and after having participated in global discussion called EIR. Así, el 15 de septiembre del 2004, el Ministro de Energía y Minas del Perú, solicitó al Banco Mundial y al Ministerio de Desarrollo Internacional Exterior del Reino Unido - DFID, líderes y auspiciadores de la EITI, apoyo y asistencia para la participación efectiva del Perú. Thus, the September 15, 2004, the Minister of Energy and Mines of Peru requested the World Bank and the Ministry of Foreign International Development United Kingdom - DFID, leaders and supporters of the EITI, support and assistance for effective participation of Peru. The implementation of the EITI in Peru is a nation-wide commitment made by the Peruvian government, civil society organizations and mining companies, oil and gas, which aims to promote: increased transparency of public information and the gradual institutionalization of the practice of accountability, mejor gestión y mayor responsabilidad en el manejo de los recursos públicos, better management and greater accountability in managing public resources, greater involvement of civil society in monitoring and making decisions about the use of public resources, greater political stability, social and economic improved climate for private and public investment, lower risk of corruption and a greater chance of ensuring that revenues from mineral, oil and gas will help poverty reduction and sustainable development. "

"""The Ministry of Energy and Mines, is the section of the Central Sector and Energy and Mines, and an integral part of the executive branch. The Ministry of Energy and Mining aims to develop and evaluate, in harmony with the general policy and plans of the Government, national policies on sustainable development of mining activities - energy. It is the competent authority on environmental issues related to mining activities - energy. The Ministry of Energy and Mining aims to promote the development of mining activities - energy, standards, inspecting and / or supervise, as appropriate, compliance; caution wise use of natural resources in harmony with the environment