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Extractive Industries Transparency Initiative
- Update December 2010
www.eiti.org
- Corruption- Link between resources and
conflicts- Link between resources and
human rights abuses- Dutch diesease
Award of licenses
&contracts
Regulation&
monitoring of operations
The EITI provides a forum for dialogue and a platform for broader reforms
Revenuedistribution
& management
Implementation of sustainable development policies
Government Spending
Companies disclose
payments
Government discloses receipt
of payments
Independent verification of tax & royalty
payments”EITI report”
Oversight by aMulti-Stakeholder
Group
How the EITI works
EITI Implementing countries
Compliant
Azerbaijan, Mongolia, Ghana, Timor-Leste, Liberia
Candidate Countries
Afghanistan, Madagascar, Albania, Mali, Burkina Faso, Mauritania, Cameroon, Mozambique, Central African Republic, Niger, Chad, Nigeria, Côte d´Ivoire, Norway, Democratic Republic of Congo, Peru, Gabon, Republic of the Congo, Guinea (Suspended), Sierra Leone, Indonesia, Tanzania, Iraq, Togo, Kazakhstan, Yemen, Kyrgyz Republic, Zambia
o 33 Implementing Countries across Africa, Asia, Latin America, Middle East and Central Asia
o 50 major international oil, gas, and mining companies
o 80 institutional investors with collective assets of over $16 trillion
o 100s of civil society groups and networks – e.g. Publish What You Pay, Open Society/Revenue Watch Institute, Transparency International
o Supporting Countries, including Japan, Australia, Canada, France, Germany, the Netherlands, Norway, the UK and the US
EITI in 2010
50 of the world’sleading oil, gas andmining companiesSupport the EITI
EITI Implementing countries31 countries
Supporting countries and organisationsincluding the World Bank, AfDB and ADB
Civil society organisationshundreds, often through Publish What You Pay
Supporting institutional investors
16trillion US in Management
Supporting companies45, including most of the world’s largest
EITI International Secretariat
Oslo
The EITI Board
EITI
Norway, first OECD reporting country
Ellen Johnson SirleafPresident of Liberia
“The Liberia EITI is one of the institutional pillars of integrity anchoring and sustaining the reform agenda of Liberia.”“By promoting better management and use of public resources and discouraging corruption, LEITI … is critical to poverty reduction and social development in Liberia.”
July 2009, when signing the new LEITI law
52 EITI reports shed light on government revenues from the Extractive Industries in 23 countries.
These reports combined contain data for 64 years.
In these 23 countries alone, more than 420 millions people have access to information on government revenues from their natural resources, often for the first time.
A total of $242,685,423,821 has been reported by these governments.
National coverage of all companies has reached 95% on average.
Why governments implement the EITI
-Enlightened self-interestTo prevent corruptionTo build trust amongst communitiesTo attract foreign direct investmentTo attract leading companies To gain international recognitionTo improve credit rating
- Encouragement from the international community Development community promoting good governanceIMF and others wishing to see improved fiscal managementEnergy security through transparency
- Encouragement from industryLicense to operateLong-term investment depends on a sound business
climate
The EITI has been politically endorsed by many Governments and in many forums
The AU, EU, UN, G8, G20,..
• It can be a platform for long-term reform• From transparency to accountability • To fight corruption – maybe• To build trust and confidence
- definetely
Lessons
EITI Reporting and China
Once a country implments the EITI, all operating companies should report. In 9 countries Chinese companies are reporting and CNPC serves on the multi-stakeholder group in severalcountries.
Confirmed speakers include: Paul Collier, Professor, University of OxfordPeter Eigen, EITI ChairHE Jakaya Kikwete, President of TanzaniaHE Ernest Bai Koroma, President of Sierra LeoneAnne Lauvergeon, Chief Executive Officer, AREVAHE Nouri al-Maliki, Prime Minister, Iraq Christophe de Margerie, Chief Executive Officer, TOTALClare Short, EITI Chair electHE José Ramos-Horta, President of Timor LestePeter Voser, Chief Executive Officer, Royal Dutch Shell Learn more about the programme, explore the growing list of speakers and register for the conference at www.eitiparis.org
