Extractive Industries Transparency Initiative (EITI)

The Extractive Industries Transparency Initiative (EITI) is a global standard that promotes openness and accountability in countries rich in natural resources, like oil, gas, and minerals. It helps ensure that companies disclose their payments to governments and that governments reveal their revenues from these resources. By doing this, EITI aims to reduce corruption, improve governance, and enhance public trust in how resource wealth is managed. Participating countries commit to regular reporting and independent validation, ultimately working towards sustainable economic growth and development for their citizens.