How COVID-19 has impacted transparency
The impact of the COVID-19 crisis on EITI implementing countries has been profound. Resource-rich countries need to fund urgent healthcare priorities, often relying on increasingly uncertain revenues from extractive sector operations. Timely data on extractive revenues can help inform public debate so that the best use can be made of precious resources. The EITI has introduced changes to its reporting model to respond to the crisis and support countries in publishing relevant and up-to-date information.
The EITI’s Validation model is also changing. The revised model places increased focus on the use of Validation as a tool to improve extractive sector management.