The Extractive Industries Transparency Initiative (EITI)

The Extractive Industries Transparency Initiative was announced by UK Prime Minister Tony Blair at the World Summit on Sustainable Development in Johannesburg, September 2002. Its aim is to increase transparency over payments by companies to governments and government-linked entities, as well as transparency over revenues by those host country governments.

Revenues from oil, gas and mining companies, in the form of taxes, royalties, signature bonuses and other payments should be an important engine for economic growth and social development in developing and transition countries. However, the lack of accountability and transparency in these revenues can exacerbate poor governance and lead to corruption, conflict and poverty.

Recent EITI News

First Edition of EITI Newsletter

EITI Newsletter June 2004

Ghana publishes extractive industry revenue

Nigeria takes the lead on oil revenue transparency

Azerbaijan becomes EITI pilot

World  Bank formally endorses EITI 

Report on the June Conference

Key Documents and Translations