EITI, Extractive Industries Transparency Initiative
Development cooperation , 18.12.2014

EITI, Extractive Industries Transparency Initiative

Description

The Extractive Industries Transparency Initiative (EITI) was founded in 2003. EITI is a global coalition of governments, companies and civil society working together to improve openness and accountable management of revenues from natural resources. Implementation on national level is carried by the national Multi Stakeholder Group, MSG while the international EITI Board's role is to instruct in meeting the EITI Standard, international recapitulation of results and reports and development of EITI. Finland is member of international EITI Board after Norway as of beginning of June 2014 till end of May 2015. Finland belongs to EITI Constituency where other members are the Nordic Countries (Norway, Sweden and Denmark), UK, Spain and Belgium. 48 countries implement the EITI. 31 countires are complient with the EITI Requirements. 17 countries are candidate countires. 35 countires have prepared EITI reports covering 207 years. 24 EITI countires are from Africa and 23 are considered to be FCSs. EITI has been success. EITI operation has created new kind of more open atmosphere within the extractive sector and even broader.

More information

www.eiti.org

Funding decision  18.12.2014

2 000 000 €

Target region

Developing countries

Objectives monitored by OECD's Development Assistance Committee

  • Participatory development/Good governance
  • Trade development
  • Gender equality

Field of activity

  • Mineral/mining policy and administrative management 100%

Type of aid

Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)

Funding channel

  • Maailmanpankkiryhmä
  • Extractive Industries Transparency Initiative International Secretariat

Contact

keo-50

Code for the object of funding

80700177

ID

UHA2011-006513

Modified

01.12.2015