The cost of Azerbaijan’s leaving the Extractive Industries Transparency Initiative (EITI)

Author
Ahmad Alili, Victoria Bittner
Content Type
Working Paper
Institution
Center for Economic and Social Development (CESD)
Abstract
Azerbaijan’s membership in the EITI is considered a key asset to the country’s oil and natural gas economy. As a result of leaving the EITI, Azerbaijan might be regarded as ineligible for future loans by the World Bank and other international institutions for projects, such as the Southern Gas Corridor Project (TAP&TANAP). It is quite an important decision for the country, which was a founding member of the initiative, to leave it. It is going to have considerable effects on the economy and civil society in Azerbaijan. This article aims to shed light on the possible domestic developments of Azerbaijan’s suspension of the EITI.
Topic
Economics, International Political Economy
Political Geography
Azerbaijan