This glossary is compiled by the EITI International Secretariat and is only provided as a resource.
- Mapping of financial flows
A simpliﬁed illustration that traces payments to show which entity makes the payments and which entity receives them.
- Material payments
Important or relevant revenue streams. The EITI requires that all material beneﬁt streams be published. According to the EITI Validation guide, a beneﬁt stream is “material if its omission or misstatement could materially affect the ﬁnal EITI Report.” It is typically the responsibility of the national multi-stakeholder group to decide how to deﬁne material in quantitative or qualitative terms.
A threshold amount or percentage to determine if a company or a payment is significant to an outcome. Multi-stakeholder groups in EITI implementing countries often set materiality levels based on company or payment size.
Short for Multi-Donor Trust Fund, which is a major fund for technical and financial assistance to countries implementing the EITI. The World Bank administers the fund.
- Memorandum of understanding
A document that describes the general principles of an agreement between parties, but does not amount to a legal contract. For short: MoU.