What is Extractive Industry Transparency Initiative (EITI)?
Extractive Industry Transparency Initiative (EITI) meaning
| established – October 2002 Initiative announced; June 2003 first EITC Plenary Conference|
aim – to set a global standard for transparency in the extractive industries in an effort to make natural resources benefit all
stake holders or implementing countries – (17) Australia, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Netherlands, Norway, Qatar, Spain, Sweden, Switzerland, UK, US
compliant countries – (23) Albania, Azerbaijan, Burkina Faso, Cameroon, Congo, Cote d’Ivoire, Ghana, Iraq, Kazakhstan, Kyrgyzstan, Liberia, Mali, Mauritania, Mongolia, Mozambique, Niger, Nigeria, Peru, Tanzania, Timor-Leste, Togo, Yemen, Zambia; note – Central African Republic is suspended
candidate countries – (13) Afghanistan, Chad, Guatemala, Guinea, Honduras, Indonesia, Philippines, Sao Tome and Principe, Senegal, Solomon Islands, Tajikistan, Trinidad and Tobago, Ukraine; note – Democratic Republic of the Congo, Madagascar, and Sierra Leone are suspended
reference: The World Factbook 2017. Washington, DC: Central Intelligence Agency, 2017. https://www.cia.gov/library/publications/the-world-factbook/index.html