EITI (Extractive Industries Transparency Initiative)

The Extractive Industries Transparency Initiative (EITI) is an international standard that promotes openness and accountability in how countries manage revenues from natural resources like oil, gas, and minerals. Governments and companies publish detailed information about how much resource wealth is produced, sold, and taxed, allowing citizens and stakeholders to see if resources are being used fairly and effectively. EITI aims to reduce corruption, ensure fair distribution of resource revenues, and improve governance, helping countries use their natural resources to benefit their populations sustainably and transparently.