EITI – disclosing critical investment information
The EITI Standard requires that countries publish information on licensing, production, state ownership, how much each company pays in taxes, royalties and bonuses, broken down by project and type of payment, transfers to local governments and social and infrastructure investments. It encourages contract transparency and disclosure of beneficial ownership of extractive industry companies.
Countries that implement the EITI are also required to disclose the financial structure of state-owned enterprises, including loans and guarantees provided by central government, their quasi-fiscal expenditures and their role in the extractive industries.
This information is captured in summary data reports that also include how much money went to subnational levels of government.
