Liberia has been in the process of implementing the EITI since 2006. The impacts demonstrate that the benefits of the EITI to the country are extensive. In this case study, Negbalee Warner, Head of the LEITI Secretariat, and Eddie Rich, Deputy Head of the EITI International Secretariat, offer their reflections on the contribution of the EITI process to the creation of sustainable development and post-conflict reconciliation in Liberia.
The decision by the government in Ghana to create a royalties company to manage most of its royalties from the industrial gold sector, and float nearly half of it to private investors, has raised concerns, including on issues ranging from valuation to future fiscal policy to transparency. Open Oil's analysis focuses principally on the valuation of shares of Agyapa Royalties Limited and whether it is undervalued, overvalued or the known valuation figures seem to be "fair" for the country. Based on a discounted cash flow financial model,
The EITI regularly monitors and reviews its procedures and results. This dataset was used to inform the EITI Board in its review of Validation, the EITI's quality assurance mechanism. For a brief analysis of this data, read our blog on what can be learned from three years of Validation results
How to update the dataset
This file is connected to various parts of the EITI's API. To obtain the latest available data:
Open the Excel file attached below
Go to the tab "Data"
This Excel file displays the size of extractive sector revenues related to state-owned enterprises, and compares it to the EITI countries' progress on transparency in this area. It draws directly on the API of the website.
Read our blog on SOE transparency for insights on learnings so far, and next steps.
1) The case for first trade transparency
2) The EITI Standard and first trade disclosures
3) Progress in producing countries
4) Commodity traders’ contribution to transparency
5) Next steps for EITI and first trade transparency
Ensuring transparency in how resource-rich countries sell their oil, gas and minerals goes to the core of the mandate of the Extractive Industries Transparency Initiative (EITI). In total, USD 2.5 trillion has been disclosed by EITI countries since its inception.
The Extractive Industries Transparency Initiative (EITI) requires its 52 implementing countries to disclose beneficial ownership information by 1 January 2020. Since the requirement was agreed by the EITI Board in 2016, several governments have introduced reforms. There have been varying degrees of progress given the different political contexts, government systems and levels of capacity. However, considerable progress has been made in developing legal frameworks, increasing awareness among stakeholders,
EITI implementing countries are finding innovative ways to contribute to gender equality in the governance of their oil, gas and mining resources. This brief identifies how gender relates to the EITI mission.
The EITI contributes to gender equality by:Improving governance of the extractive sector and mobilising revenuesPromoting equal and meaningful participation of women and men in the management of the sectorFostering dialogue and improving access to data on the sector.
- Governance Challenges and the Role of International Reporting Standards in Improving Performance
State-owned enterprises (SOEs) can be described as business-oriented majority government-owned institutions that sell goods or services or manage state equity and keep their own balance sheets. More than 146 of these enterprises have been established in the upstream oil, gas or mineral sectors, with almost a third focused primarily on mining. They often play important,
The EITI International Secretariat has performed the following assessment of routine online disclosures in Mongolia’s extractive sector to examine the country’s readiness to mainstream EITI implementation. The assessment follows the Terms of Reference for a mainstreaming feasibility study and reviews the extent to which there is:
(1) routine disclosure of the data required by the EITI Standard in requisite detail, and(2) whether the financial data is subject to credible, independent audit, applying international standards.