The 2023 work plan of the Philippines Extractive Industries Transparency Initiative (PH-EITI) is anchored on national priorities in the 8-Point Socioeconomic Agenda of the Marcos Jr. administration and, more broadly, in the Philippine Development Plan 2023-2028. Specifically, the PH-EITI supports the call for and commits to rallying behind the current administration in achieving better tax administration, digitalization, and sound fiscal management in the realm of the extractive industries.
With the administration banking on the potential of the extractives sector to drive long-term economic expansion, the inclusive and data-informed governance of the extractive industries becomes more critical than ever. Accordingly, space for multi-stakeholder extractive governance must be protected, strengthened, and broadened to make extractive transparency more meaningful.