The Extractive Industries Transparency Initiative (EITI) is geared towards improving governance in the oil, gas and minerals sector. The EITI currently includes 52 countries across the world, half of which are in Africa. It is governed by multi-stakeholder coalitions representing business, governments and civil society organisations.
The EITI started out in 2007 by disclosing payments made by companies to governments in the form of license fees, taxes and other payments. Governments in turn disclosed payments they received from companies to identify possible discrepancies in reported revenues. Disclosures under the EITI are now increasingly fine-grained, focusing on identifying beneficial owners, publicising contracts, commodity trading transparency and project level investments. The current approach highlights gender and environmental considerations in government and company reporting. The EITI seeks to tackle corruption, promote accountability, strengthen institutions and contribute to domestic resource mobilisation. Successful implementation and the impact of the EITI depends on a host of factors, including political economy considerations, government capacity, company engagement and civil society advocacy.
This Sussex Development Lecture addresses this set of issues to place the EITI in a broader perspective as a leading global transparency and accountability initiative.
This lecture is part of the Sussex Development Lecture series: Global development challenges: towards a politics of hope.
- Mark Robinson, Executive Director, Extractive Industries Transparency Initiative.