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EITIfactsheet2013

EITI factsheet
What is the EITI? What is the EITI Standard? What are the benets of the EITI?
Governments benet from following an internationally
recognised transparency standard that demonstrates
commitment to reform and anti-corruption, and leads to
improvements to the tax collection process and enhanced trust
and stability in a volatile sector.
Companies benet from a level playing eld in which all
companies are required to disclose the same information. They
also benet from an improved and more stable investment
climate in which they can more eectively engage with citizens
and civil society.
Citizens and civil society benet from receiving reliable
information about the sector and a multi-stakeholder platform
where they can better hold the government and companies to
account.
Energy security is enhanced by a more transparent and level
playing eld. This increased stability encourages long-term
investment in production and thus improves the reliability of
supply.
The EITI Standard is a set of seven requirements
that countries need to meet in order to be recognised as
frst an EITI Candidate and ultimately an EITI Compliant
country. The Standard is overseen by the international EITI
Board, with members from governments, companies and
civil society.
Countries implement the EITI Standard to ensure
full openness of how their natural resource wealth is
managed.
By implementing the Standard countries must
disclose taxes and other payments made by oil, gas and
mining companies to government in an annual EITI Report.
The Report must also include explanatory information
about the natural resource sector, including: production
data, state ownership, transfers to local government,
licensing information, state-owned enterprises, and social
and infrastructure investments. It is also encouraged
to include additional information such as: benefcial
ownership, contract transparency and transit payments.
When all this information is gathered in an EITI
Report, it allows citizens to see for themselves how their
government is managing their natural resource wealth.
Transparency can only lead to accountability if
there is understanding of what the fgures mean and
public debate about how the countrys resource wealth
should be managed. Therefore, the EITI Standard requires
that EITI Reports are comprehensible, actively promoted
and contribute to public debate.
The Extractive Industries Transparency Initiative
(EITI) is a global coalition of governments,
companies and civil society working together to
improve openness and accountable management
of revenues from natural resources.
Why do we need the EITI? How does it work?
Natural resources, such as oil, gas, metals and
minerals, belong to a countrys citizens. Extraction
of these resources can lead to economic growth
and social development. However, when poorly
managed it has too often led to corruption
and even conict. More openness around how
a country manages its natural resource wealth
is necessary to ensure that these resources can
benet all citizens.
EITI implementing countries each have their
own national secretariat and multi-stakeholder
group with members from government,
companies and civil society. Representatives from
implementing countries serve on the international
EITI Board.
The EITI International Secretariat serves the
Board and manages the daily operation of the EITI
at a global level.
EITIfactsheet2013
The EITI Standard
The EITI Standard
A national multi-stakeholder
group (government, industry
& civil society) decides how
their EITI process should work.
Licenses &
contracts
Monitoring
production
Tax collection
Revenue
distribution
Expenditure
management
Licensing
information
(required)
State
ownership
(required)
Production
data
(required)
Contract
transparency
(encouraged)
Benefcial
ownership
(encouraged)
Government revenues and
company payments are disclosed
together with contextual
information and independently
assessed in an EITI Report.
Transit
payments
(encouraged)
Transfers to
local government
(required)
Social and
infrastructure
investments
(required)
The fndings are communicated
to create public awareness and
debate about how the country
should manage its resources
better.
Government
discloses revenues
Companies
disclose payments
State-owned
enterprises
(required)
EITI
Report
EITIfactsheet2013
1
EITI REQUIREMENT 1
The EITI requires efective oversight by the multi-stakeholder group.
2
EITI REQUIREMENT 2
The EITI requires timely publication of EITI Reports.
3
EITI REQUIREMENT 3
The EITI requires EITI Reports that include contextual information about the extractive
industries.
4
EITI REQUIREMENT 4
The EITI requires the production of comprehensive EITI Reports that include full
government disclosure of extractive industry revenues and disclosure of all material
payments to government by oil, gas and mining companies.
EITI REQUIREMENT 5
The EITI requires a credible assurance process applying international standards.
5
EITI REQUIREMENT 6
The EITI requires EITI Reports that are comprehensible, actively promoted, publicly
accessible, and contribute to public debate.
6
EITI REQUIREMENT 7
The EITI requires that the multi-stakeholder group takes steps to act on lessons learned
and review the outcomes and impact of EITI implementation.
7
The EITI Requirements Progress of the EITI
2013
25
Total worth of revenue disclosed
180
US $1 tr
Fiscal periods covered in EITI Reports
2009
2
Fiscal periods covered in EITI Reports
Total worth of revenue disclosed
39
US $200 bn
2011
12
Total worth of revenue disclosed
97
US $570 bn
Fiscal periods covered in EITI Reports
Compliant countries
Compliant countries
Compliant countries
(Dec)
(October)
(Dec)
A government intending to implement the EITI Standard is required to undertake certain
steps before applying to the international EITI Board for EITI Candidate status. These include
announcing a clear statement of the governments commitment, developing a workplan which
sets objectives for what the country wants to achieve with their EITI, outlining how it intends
to reach EITI Compliant status and establishing a multi-stakeholder group (MSG) together with
companies and civil society.
In order to achieve EITI Compliant status, countries are required to meet the EITI Requirements:
EITIfactsheet2013
Website www.eiti.org
Email secretariat@eiti.org
Telephone +47 222 00 800
Fax +47 228 30 802
Address EITI International Secretariat,
Ruselkkveien 26,
0251 Oslo, Norway
41 countries implement the EITI Over 80 supporting companies
Over 80 of the worlds largest companies involved in the oil, gas and
mining sectors support and actively participate in the EITI process
through their country operations in implementing countries,
international-level commitments and industry associations. The EITI
has won the support of over 90 global investment institutions that
collectively manage over US $19 trillion.
Supported by a large international
coalition
Civil society organisations participate in the EITI directly and through
the Publish What You Pay campaign, which is supported by more than
400 non-governmental-organisations worldwide.
International organisations supporting the EITI include the World
Bank, International Monetary Fund and the regional development
banks. These organisations provide technical and nancial support to
implementing countries and support EITI outreach.
A number of governments support the EITI including: Australia,
Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, the
Netherlands, Norway, Spain, Sweden, Switzerland, the UK and the US.
These governments provide political, technical and nancial support,
both internationally and at the country level. They also provide
nancial support through direct bilateral support to EITI implementing
countries or through a multi-donor trust fund managed by the World
Bank.

The EITI has also been endorsed by the African Union, the European
Union, G8, G20, the International Organisation of
La Francophonie and the United Nations.
To learn more, visit the EITI website www.eiti.org, or
follow us on Twitter @EITIorg.
* Australia is conducting an EITI pilot
Compliant countries
Candidate countries
Suspended countries
Announced commitment
to implement the EITI *
25 EITI Compliant countries:
Albania, Azerbaijan, Burkina Faso, Cameroon, Central African Republic,
Cte dIvoire, Ghana, Iraq, Kazakhstan, Kyrgyz Republic, Liberia,
Mali, Mauritania, Mongolia, Mozambique, Niger, Nigeria, Norway,
Peru, Republic of the Congo, Tanzania, Timor-Leste, Togo, Yemen and
Zambia.
16 EITI Candidate countries:
Afghanistan, Chad, Democratic Republic of Congo, Guatemala, Guinea,
Honduras, Indonesia, Madagascar, the Philippines, Sierra Leone, So
Tom and Prncipe, Senegal, Solomon Islands, Tajikistan, Trinidad
and Tobago and Ukraine. Several other countries have signalled
their intention to implement the EITI and are working toward
completing the sign-up steps, including: Colombia, Ethiopia, France,
Germany, Italy, Papua New Guinea, the UK and the US.
35 countries
have produced EITI Reports.
181 scal periods
covered in EITI Reports.
Over US $1 trillion
in revenues disclosed in EITI Reports

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