The Extractive Industries Transparency Initiative: state of play

24-06-2014

In 2003, the Extractive Industries Transparency Initiative (EITI) was launched as a voluntary multi-stakeholder initiative for the extractive industries, bringing together governments, industry and civil society. Its main objective has been to create a global transparency standard which allows light to be shed on all payments made by extractive-industry companies to governments of resource-rich developing countries, and to cross-check all revenues received by these governments from the industry.

In 2003, the Extractive Industries Transparency Initiative (EITI) was launched as a voluntary multi-stakeholder initiative for the extractive industries, bringing together governments, industry and civil society. Its main objective has been to create a global transparency standard which allows light to be shed on all payments made by extractive-industry companies to governments of resource-rich developing countries, and to cross-check all revenues received by these governments from the industry.