C
on tr ac ts &
A country’s EITI report informs the public of what happens with its natural resources.
lic Pr en od ce uc s tio n Re ve nu e co lle Re ct ve io nu n e all oc So at ec cia io n co on l & nt om rib ic ut io n
Figure 8.1 How the EITI Works
NATURAL RESOURCES
PUBLIC BENEFIT VALUE CHAIN
Source: EITI 2016a, 5.
Box 8.3 The Seven Requirements of the EITI Standard 1. Effective oversight by the multistakeholder group 2. Timely publication of EITI reports 3. EITI reports that include contextual information about the extractive industries 4. The production of comprehensive EITI reports that include full government disclosure of extractive industry revenues and disclosure of all material payments to government by oil, gas, and mining companies
improving technical aspects of the EITI reporting process, such as reporting templates or data collection for EITI reports, rather than improving extractive sector governance. Failure to implement recommendations has too often contributed to lost opportunities for impact and reform. There is increasing documentation on how EITI reporting has highlighted shortcomings in government systems and recommended actions for improvements (EITI 2016b). The stories illustrate the impact in countries that have acted
5. A credible assurance process applying international standards 6. EITI reports that are comprehensible, actively promoted, publicly accessible, and contribute to public debate 7. A multistakeholder group that takes steps to act on lessons learned and reviews the outcomes and impact of EITI implementation
on these recommendations and highlight the potential and importance of considering EITI recommendations in the countries that have not yet done so. The EITI was essential in turning around EI sector administration in Nigeria. Other countries such as Ghana, Liberia, and Norway have also achieved EITI compliance, and there are many candidate countries working toward satisfying the EITI Standard. EITI reports from the recently confirmed EITI-compliant Peru show that since the country
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