The meeting of the Multi-stakeholder Group (MSG) on implementation of Extractive Industries Transparency Initiative (EITI) in Azerbaijan was held on April 15, 2014.

Final discussions on New Memorandum, adjustment of the Terms of References (which defines activities of the independent auditor, reconciling EITI reports) to the EITI new Standard, reporting templates and inclusion of revenues on mandatory state social insurance dues to EITI report were discussed during the meeting.

EITI is a special multilateral and voluntary initiative, supported by a coalition of companies, governments, investors and civil society organizations and global standard for improved transparency in the oil, gas and mining sector. Azerbaijan joined EITI in 2003. Azerbaijan is the first ever country to complete validation process and designated as EITI Compliant Country. Azerbaijan was awarded the "2009 EITI Award" for its commitment to EITI principles and criteria and achievements in EITI Implementation.