Extractive Industries Transparency Initiative, Phase III

The Extractive Industry Transparency Initiative (EITI) is an international voluntary standard to disclose revenues from extracting natural resources. SECO's support to the EITI is a key element of its economic governance and domestic revenue mobilization agenda and is a realization of its commitment in fulfilment of the recommendation of the Federal Councils Grundlagenbericht Rohstoffe . Since 2002 the Extractive Industries Transparency Initiative (EITI) promotes openness and accountable management of natural resources by setting a global transparency standard. As a tool that informs the way the extractive sector is governed the EITI strengthens government and company systems, informs public debate, and enhances trust among stakeholders in extracting countries. The EITI Standard requires information along the extractive industry value chain from the point of extraction over how the revenue makes its way through the government to how it benefits the public.
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USD 251559.67
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