Reflecting on anti-corruption activities in MSG work plans is crucial for good governance of oil, gas, and mineral resources. The EITI provides guidance on addressing corruption risks, with a recommended three-step approach: assess risks, develop an activity plan, and monitor results. Step 1 involve

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The EITI Standard requires countries to disclose the beneficial ownership information of oil, gas, and mining companies by January 2020. This includes details of the beneficial owner's identity, nationality, and any politically exposed status. Maintaining a public register of beneficial owners is re

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The Extractive Industries Transparency Initiative (EITI) plays a crucial role in combating corruption in the oil, gas, and mineral sectors globally. By exposing vulnerable practices, providing contextual information, supporting citizen engagement, and advancing anti-corruption norms, EITI helps dete

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Discussing the importance of the Extractive Industries Transparency Initiative (EITI) in promoting sustainable development in Papua New Guinea by enhancing transparency and accountability in the extractives sector. The presentation covers the overview of EITI, challenges, understanding revenue flows

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Explore the presentation of existing grievance mechanisms at the 40th EITI Board Meeting in Berlin. Discussions centered around whether current procedures meet governance requirements and the potential establishment of new mechanisms. Findings highlighted the need for improved clarity, stakeholder u

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The 2019 EITI Standard has undergone significant changes to reflect stakeholder feedback, address ambiguities, and improve implementation practices. These changes aim to provide more clarity, flexibility, and encourage countries to enhance disclosures in key areas. Key changes include updates in ter

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Strengthening communication lines and collaboration within EITI implementing countries to improve coordination, information-sharing, and representation at the EITI Board. The guidelines emphasize transparency, mutual accountability, inclusion, and results orientation. Ground rules promote convergenc

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Explore the resource wealth of Africa, highlighting the challenges and opportunities in the extractive industries sector. Discuss the essence of Publish What You Pay (PWYP) and the Extractive Industries Transparency Initiative (EITI). Delve into the status of various African countries in oil, gold,

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Promoting transparency in government systems is crucial for effective governance. The process of mainstreaming and entrenching EITI reporting can enhance transparency and accountability, as demonstrated by case studies from Timor-Leste. By incorporating transparency as an integral part of governance

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Beneficial Ownership (BO) is a crucial aspect of governance in the oil, gas, and mineral sectors. Requirement 2.5 of the global standards mandates disclosure of the natural person(s) who directly or indirectly ultimately own or control a corporate entity. Elements of BO include natural persons, owne

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The workshop organized by the East African Trade Union Confederation addressed the challenges and opportunities in the extractive industries sector in Africa, focusing on the essence of Publish What You Pay (PWYP) and the Extractive Industries Transparency Initiative (EITI). It discussed the resourc

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Systematic disclosure and transparency play a crucial role in the governance and management systems of countries. This involves routine disclosure of information, such as financial data, to promote accountability and address gaps in information. The EITI Standard emphasizes the importance of mainstr

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IMF Statistics Department has developed two statistical tools, the Revenue Template and National Accounts Template, to help countries analyze government revenues and natural resources in national accounts. These tools are crucial for policymaking in countries heavily reliant on natural resource reve

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Interim findings from regional consultations highlight key constraints and success stories in managing Multi-Stakeholder Group (MSG) operations for EITI implementation. Challenges include meaningful engagement, governance structures, and membership dynamics, while successes stem from effective multi

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Mongolia's Extractive Industries Transparency Initiative (EITI) reconciliation reports from 2006 to 2008 show an increase in the number of reporting companies and a decrease in discrepancies. The reports reveal transparency levels in state budget allocation, taxes, and payments from reconciled compa

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