Blog Posts

EITI stakeholders and supporters met at the 2019 Global conference to share best practice and early benefits in implementing one of the world’s first public beneficial ownership transparency requirement.  

When doing business, interested parties want to know who they are dealing with. Historically, ownership of unlisted extractive companies has been opaque, leaving governments and companies at risk of entering into corrupt deals.

The EITI’s 8th Global Conference catalyses next steps in SOE transparency.

In many resource-rich countries, the state is directly involved in the extractive sector through its own state-owned enterprises (SOEs). The sale of a state’s natural resources is often a significant revenue stream for national budgets and development priorities. To date, 40 EITI countries have reported revenues from state-owned oil, gas and mining companies. These disclosures allow stakeholders to analyse SOE performance,

Jessica Uhl, Chief Financial Officer at Royal Dutch Shell, talks about the importance of tax transparency in the sidelines of the 2019 EITI Global Conference. 

Video of Jessica Uhl Interview

Revenue transparency and support for EITI in particular is so important because of the role that oil and gas companies play in society and its important for society to understand the benefits that come from the industry by having transparency on all payments that are made to governments. 

News and blog posts

The EITI government network on contract transparency was launched at the EITI Global Conference in Paris.

Governments from Armenia, Cameroon, Chad, Democratic Republic of Congo, Ghana, Guinea, Indonesia, Malawi, Mexico, Mongolia, Mozambique, Nigeria, Philippines, Senegal, São Tomé and Príncipe and Zambia have joined the network. This coincided with the EITI Board’s ratification of the 2019 EITI Standard which now requires that contracts entered into or amended from 1 January 2021 should be

News and blog posts

Natural resources are a key factor for growth and development for Latin America and the Caribbean (LAC). The value of fossil fuel reserves is equivalent to almost 4 times the GDP of the entire region and would be enough to pay its external debt almost ten-fold. And this is before factoring in the region’s reserves of metals and minerals.

Over the past 12 years, the EITI has grown from an initiative of 12 countries to an established global norm for improving extractives governance worldwide. The 2019 EITI Global Conference’s central theme "Open Data, Build Trust" embodies how we envision this creative international partnership to evolve over the coming decade. Three elements underpin this theme and shape the dynamic and comprehensive agenda of our upcoming Conference.

1. Open data as the norm

Building on our common objectives, the synergy between the EITI and the OGP continues to grow.

The EITI and the Open Government Partnership (OGP) are close cousins. Both initiatives aim to improve governance and build trust by opening up data and creating opportunities for citizen participation.

Thirty of the 52 EITI countries are OGP members, and OGP encourages resource-rich countries to join the EITI.

A will and a way: as Iraq starts its second Validation, it has a chance to lead on systematic transparency.

95% of government revenues in Iraq comes from oil and gas sales. Ensuring the sector is transparent and open is essential for the wider economy and Iraqi society. The months leading up to Iraq’s second Validation demonstrated how countries can make swift progress in systematically disclosing EITI data, given the right combination of political will and technical engagement. 

In the world of education, Peer to Peer Learning is recognized as an effective method of knowledge transfer. It is about people at the same level voluntarily teaching one another what they know. It is an informal and cost-effective method of training because it does not involve the hiring of experts.  

Jonas Moberg, the then Executive Director of the EITI, in his National Secretariat Circular, May 2015 Edition,

The EITI Global Conference in Paris on 18-19 June will showcase emerging best practices in EITI implementation from 52 countries. Ghana has all the building blocks needed to lead Africa in systematically disclosing EITI data.

In March, Ghana EITI (GHEITI) convened a workshop to explore the future of EITI implementation, shifting the focus from publishing EITI Reports to encouraging the systematic disclosure of information by companies and government agencies.

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