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Extractive Industries Transparency Initiative (EITI) : Policy Briefing


The Extractive Industries Transparency Initiative (EITI) was launched by the UK Prime Minister, Tony Blair, at the World Summit on Sustainable Development, in Johannesburg, September 2002. The Department for International Development has led the development of the initiative since then. The initiative encourages governments, publicly traded, private and state-owned extractive companies, international organisations, NGOs and others with an interest in the sector to work together voluntarily to develop a framework to promote transparency of payments and revenues.

At Evian, the G-8 countries emphasised their determination to fight corruption, one of the key obstacles to economic and social development, and mismanagement of public revenues and expenditure. They agreed an action plan that includes piloting, on a voluntary basis, an intensified approach to transparency in countries where revenues from extractive industries (oil, gas and mining) are important. The EITI will help develop concrete measures to implement this plan.

Since the launch in September 2002, the Initiative has been developed by a multi-stakeholder group, including governments, oil, gas and mining companies, industry bodies, international institutions, investors and NGOs.

However, in February 2005, Global Witness one of the leading NGOs campaigning for revenue transparency in the sector- and supporter to date of the EITI - expressed concern over its effectiveness and signalled that in the absence of more tangible results, it may withdraw its support.


The following lists all references contained in our database that are relevant to this briefing
 [10/22/2004] 'Congo Adheres to Energy Transparency Scheme' [Source ID = 12453]

World Markets Analysis [] 'Global Witness Releases New Transparency Report, Oil Companies Criticised' by Norval Scott [Source ID = 12833]

Global Witness [2/16/2003] 'EITI on the right track: let�s go further and faster' : http://www.globalwitness.org/press_releases/display2.php?id=280 [Source ID = 13294]

Publish What You Pay [3/17/2005] 'NGO Coalition Statement Extractive Industries Transparency Initiative Conference 17 March 2005, London Taking forward revenue transparency: a shared responsibility' : http://www.publishwhatyoupay.org/english/pdf/statements/pwyp_eiti_170305.pdf [Source ID = 13298]


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