The yearly workplans set out core activities by the International Secretariat, and are approved by the EITI Board. The work plans reflect the key priorities of the international management of the EITI for the following calendar year.
The EITI operates at both the national and the international level.
Implementation is funded by the countries themselves. The way it is funded differs from country to country. In many cases, financial support is provided by international development agencies. For example, the World Bank administers a lot of donor support through its EGPS Multi-Donor facility.
The International Secretariat has estimated that the cost of EITI implementation exceeds USD 50 million per year (based on a survey of 43 work plans in 2015). Implementation costs vary widely, from around USD 100k per annum in several countries, to several million dollars in countries with more ambitious work plans. In many cases, the figures are only a rough estimate. Work plans often include items that are not fully funded. That said, work plans often exclude significant costs such as salaries for government staff working on EITI implementation (e.g. in national EITI secretariats) nor the time and costs of government, industry and civil society stakeholders in supporting EITI implementation. More information on how countries fund their implementation can be found on the EITI national websites. The links to the pages can be found on the top of the EITI country pages.
The Extractives Global Programmatic Support (EGPS) is a multi-donor facility managed by the World Bank that provides technical and financial assistance to some countries that are implementing reforms in the sector, including implementing EITI. The support includes: making consultants available to governments to assist them in implementation; sharing international best practices and providing grants to governments to help support EITI implementation.
For up-to-date information, please visit the World Bank's EGPS website, or contact Diana Corbin at the World Bank.
The International Management of the EITI consists of the International Board, the Chair and the International Secretariat. The funding of the International Management of the EITI reflects its multi-stakeholder support. The International Management is funded by governments and supporting companies.
The International Management of the EITI has a budget of about USD 5m a year that covers the salaries and associated costs for staff, a small Chairman’s office, Board meetings, implementation support, outreach, communication and conference costs.
The charts below show how the costs of the EITI International Management were funded in 2015. The EITI International Management received funding from 50 organisations and countries in 2015, down from 66 in 2014.
The EITI also receives a considerable amount of EITI off-budget and in-kind support, such as some of the funding for the EITI Global Conferences, peer learning seminars for the multi-stakeholder groups from implementing countries, EITI meterials and events and National Coordinator Meetings.
Sources of Funding of the International Management for 2015
Expenses of the International Management for 2015
The EITI Board concluded in early 2016 that the funding formula that the private sector and supporting countries equally share the principal responsibility for the international management costs of the EITI, no longer served its purpose. Following a decision by the EITI Board meeting in October 2016 it was agreed that implementing countries are required to make a financial contribution of USD 10,000 to the International Management of the EITI to help cover some of the support that they get from the international body. To be considered a supporting company, an oil and gas company has to make a minimum contribution (USD 20,000, USD 40,000 and USD 60,000). Mining companies are recommended to make contibutions at the same level as the oil and gas companies and are required to contribute at least USD 15,000. The new funding model takes effect from 2017.
For further information about EITI funding, contact Finance Director Brynjar Wiersholm.
The EITI is a multi-stakeholder coalition of governments, companies, investors, civil society organisations, and partner organisations. To become a supporter of the EITI, please consult the pages below, containing tailored information.
The EITI's accounts are audited by HCA Revisjons & Rådgivning AS who were engaged as EITI’s auditor in 2014 by the Board. The auditor in the period 2007 until 2014 was MGI Revisjon Asker DA, named Grant Thornton Asker before 2008.