Extractive Industry Transparency Initiative (EITI)

The Extractive Industry Transparency Initiative (EITI) is an international standard that promotes openness and accountability in countries with natural resources like oil, gas, and minerals. It encourages governments and companies to disclose payments made and received, ensuring that resource revenues are transparently managed. This helps prevent corruption, boosts public trust, and ensures that the profits from natural resources benefit the entire population through better governance, stronger public services, and sustainable development. Ultimately, EITI aims to create a fairer and more transparent system for managing and benefiting from a country's natural resources.