Extractive Industries Transparency Initiative (EITI)
Sector: B - Mining and Quarrying
Introduction
The Extractive Industries Transparency Initiative (EITI) sets a global standard for transparency in oil, gas and mining. It is…
- An effort to make natural resources benefit all
- A coalition of governments, companies and civil society
- A standard for companies to publish what they pay and for governments to disclose what they receive
Source: http://eiti.org/
The initiative is mentioned in Chapter Intensifying our Fight against Corruption of G20 Cannes Summit Final Declaration.
Objective
The EITI Principles and EITI Criteria (at EITI website) are the most concise statement of the beliefs and aims of the Initiative.
Providers
As listed at the EITI website:
- Supporting Companies
- Civil Society organisations
- Supporting Countries
- Industry Associations
- Institutional Investors
- Supporting International Organisations
Compliant Countries
(Links to country pages at: http://eiti.org/countries)
- Azerbaijan
- Central African Republic
- Ghana
- Kyrgyz Republic
- Liberia
- Mali
- Mauritania
- Mongolia
- Niger
- Nigeria
- Norway
- Peru
- Timor-Leste
- Yemen (suspended)
Candidate Countries
These are also listed at http://eiti.org/countries
- Afghanistan
- Albania
- Burkina Faso
- Cameroon
- Chad
- Côte d´Ivoire
- Congo, Dem. Rep.
- Gabon
- Guatemala
- Guinea
- Indonesia
- Iraq
- Kazakhstan
- Madagascar (suspended)
- Mozambique
- Congo, Rep.
- Sierra Leone
- Tanzania
- Togo
- Trinidad and Tobago
- Zambia
Comments
page revision: 11, last edited: 11 Apr 2012 17:43
A SmartLessons report by IFC (January 2011): Extractive Industries Transparency Initiative Combating the Resource Curse in Fragile and Conflict Affected Countries (at Scribd)
This article by Sorley McCaughey reports on recent debate between business interests and forthcoming EU transparency law for financial disclosures on a country by country basis.
There is an Impact Assessment for financial disclosure on a country by country basis (SEC(2011)1289/2) by the European Commission.