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Azerbaijan, Dropping Out of Transparency Initiative, Issues Challenge to Foreign Investors

Azerbaijan President Ilham Aliyev at a 2014 ceremony inaugurating the Southern Gas Corridor. The project is a linchpin of the country's long-term economic strategy, but it's future has become less certain now that Azerbaijan has dropped out of the Extractive Industries Transparency Initiative. (photo: president.az)

Azerbaijan has decided to leave the Extractive Industries Transparency Initiative (EITI) after being suspended by the group for failure to meet the EITI board's demands to ease restrictions on civil society groups.

The dramatic move by Baku will force international financial institutions into a difficult choice: either abide by their promises to condition financial support on the human rights guarantees of the EITI, or put geopolitically important energy projects at risk.

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Azerbaijan, Dropping Out of Transparency Initiative, Issues Challenge to Foreign Investors

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