Overview
The World Bank works to promote transparency, accountability, and good governance in the use of oil, gas, and mining revenues in resource-rich countries through the Extractive Industry Transparency Initiative (EITI). From an initial seven countries in 2004, the initiative has grown to include 35 countries that are now in various stages of implementation. EITI activities have helped improve disclosure and reconciliation of extractive industries revenues paid and received by governments, and have often set the stage for wider sector reform, such as public financial management or institutional reforms.
See full Press Release.
Posts
