Transparency International (TI) has released its annual Corruption Perceptions Index (CPI) for 2017. The Index is of great interest to extractive sector followers and the EITI.

Unfortunately, the global picture is pretty dismal. This year’s Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption. Sadly this seems particularly true of countries with a significant extractives sector. Amongst the largest oil-producers in the world,

The board of the Extractive Industries Transparency Initiative is meeting in Oslo this week to discuss, among other issues, the mainstreaming of extractive sector reporting. As focus moves away from EITI reports to governments’ own systems, it is important to examine the initiative’s relationship with key domestic actors like supreme audit institutions.

Mainstreaming is the future of EITI

The EITI Board made a groundbreaking decision today that will change how EITI implementation will look like in the coming years.

From EITI reports to systematic disclosures

The Board agreed to make systematic disclosures of extractives data through government and company systems the default expectation from countries. This means that instead of producing annual EITI Reports that typically cover fiscal periods that are behind by two years,

Photo: Head of Papua New Guinea EITI Mr Lucas Alkan (right) being presented a gift by the leader of a civil society organisation in East Sepik Province after completion of an EITI Awareness Roadshow in the capital, Wewak in November last year.

Before Papua New Guinea signed up to implement the EITI Standard in 2013, there was no framework in place for disclosure of revenue streams from the country’s mining and petroleum sector.