Extractive Industry Transparency Initiative (EITI)

Extractive Industry Transparency Initiative (EITI)

Established- October 2002 Initiative announced; June 2003 first EITC Plenary Conference
Aim- to set a global standard for transparency in the extractive industries in an effort to make natural resources benefit all
stake holders or implementing countries- (17) Australia, Belgium, Canada, Denmark, Finland, France, Germany, Italy, Japan, Netherlands, Norway, Qatar, Spain, Sweden, Switzerland, UK, US
compliant countries- (23) Albania, Azerbaijan, Burkina Faso, Cameroon, Congo, Cote d'Ivoire, Ghana, Iraq, Kazakhstan, Kyrgyzstan, Liberia, Mali, Mauritania, Mongolia, Mozambique, Niger, Nigeria, Peru, Tanzania, Timor-Leste, Togo, Yemen, Zambia; note - Central African Republic is suspended
candidate countries- (13) Afghanistan, Chad, Guatemala, Guinea, Honduras, Indonesia, Philippines, Sao Tome and Principe, Senegal, Solomon Islands, Tajikistan, Trinidad and Tobago, Ukraine; note - Democratic Republic of the Congo, Madagascar, and Sierra Leone are suspended