What is EITI?

The Extractive Industries Transparency Initiative (EITI) aims to increase transparency in transactions between governments and companies within extractive industries. The UK Prime Minister, Tony Blair, announced the initiative at the World Summit on Sustainable Development in Johannesburg, September 2002. EITI recognizes a huge significance of developing the transparency in the countries rich in minerals for further economic growth, stability and peace.

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EITI Benefits

Benefits for implementing countries include an improved investment climate by providing a clear signal to investors and international financial institutions that the government is committed to greater transparency. EITI also assists in strengthening accountability and good governance, as well as promoting greater economic and political stability.

How many countries are implementing EITI?

There are 28 EITI candidate countries and one compliant country – Azerbaijan. Afghanistan, Indonesia and Iraq have signaled their intent to join.


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