Extractive Industries Transparency Initiative

The global standard for resource revenue transparency

10 years ago the extractives sector was veiled in secrecy, fraught with allegations of corruption and harming the investment climate in resource-rich-countries

Today almost 1 billion people in 35 countries have the right to see how much their governments are paid from extraction of their countries’ resources

EITI (Extractive Industries Transparency Initiative) is a global coalition of governments, companies and civil society

Together they have developed the EITI standard that sets a level-playing field for companies operating in the countries that follow the standard

When countries follow the EITI standard, extractive companies operating there have to publish what they pay to the government in taxes, lisence fees and royalties.

the government has to disclose what it receives from these companies.

These figures are compiled and reconciled independently into an EITI Report

In 2009, Liberia’s citizens saw for the first time what mining companies paid to the government

EITI in Liberia has provided a platform for debating how its natural resources are managed

As the first OECD country, Norway started following the EITI standard in 2009

At a low cost, Norway’s EITI has independently confirmed that its management of natural resources is transparent

In the Central African Republic they are including payments from small-scale mines

For further information

• Visit the EITI website at www.eiti.org• Sign-up to the EITI Newsletter at the website• Send us an email at secretariat@eiti.org• Follow us on Twitter @EITIorg