Jonas Moberg EITI at OGP
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Extractive Industries Transparency Initiative
The global standard for resource revenue transparency
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10 years ago the extractives sector was veiled in secrecy, fraught with allegations of corruption and harming the investment climate in resource-rich-countries
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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
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EITI (Extractive Industries Transparency Initiative) is a global coalition of governments, companies and civil society
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Together they have developed the EITI standard that sets a level-playing field for companies operating in the countries that follow the standard
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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.
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the government has to disclose what it receives from these companies.
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These figures are compiled and reconciled independently into an EITI Report
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In 2009, Liberia’s citizens saw for the first time what mining companies paid to the government
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EITI in Liberia has provided a platform for debating how its natural resources are managed
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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
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In the Central African Republic they are including payments from small-scale mines
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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 [email protected]• Follow us on Twitter @EITIorg