EITI—Beyond the Basics
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Since its launch in 2002, the of the Extractive Industries Transparency Initiative (EITI) has become an important platform for change, helping countries that adopt even its minimum requirements to build greater transparency and accountability. Implementing countries have taken very different approaches to adopting the initiative, allowing each nation to shape its own process according to its needs.
Revenue Watch is proud to introduce our new report, "EITI—Beyond the Basics" (pdf), which examines the best examples from several EITI implementing countries. The EITI was designed for robustness, but also for a flexibility that allows countries to tailor the effort to their circumstances.
Some countries have exceeded the minimum standards, for example by choosing to audit companies as part of their EITI programs, or by extending EITI to encompass companies involved in other sectors than oil, gas, and mining, or by publishing disaggregated EITI reports, which identify the contributions made by each operating company, instead of aggregating that information in reports that do not specify the source of particular payments.
The report was written by veteran EITI advocate Sefton Darby, who has partnered with numerous implementing countries working to determine how best to meet EITI requirements and adapt them to specific national needs. Darby has been part of the EITI journey from its earliest days. Revenue Watch Deputy Director Julie McCarthy explained that "RWI wholeheartedly supports countries going above and beyond the basic requirements of the initiative, recognizing that the EITI's minimum criteria are not an end, but a starting point for improving extractive sector governance."