From Reports to Results.
Welcome to the EITI Progress Report 2016, drawing together data and experiences from the 49 implementing countries.
Along with the many of the achievements and impacts, the Progress Report 2016 highlights four challenges that the EITI will have to address in the near future.
The countries follow a three step approach to implenement the EITI Standard.
Since the last Progress Report, EITI implementation has come a long way. Across the world in the 49 implementing countries over 400 people work full time on the EITI and 1200 serve on EITI national commissions.
A country’s natural resources, such as oil, gas, metals and minerals, belong to its citizens. Extraction of these resources can lead to economic growth and social development.
EITI matters. Implementing countries disclose information on tax payments, licenses, contracts, production and other key elements around resource extraction. Most of these countries use the EITI to inform their extractive sector policies.
See how the countries' statuses have changed over the years, mirroring their journey with the EITI.
Over the years the quality of disclosure has improved. More topics are being covered, providing a fuller image of the countries' resource management.
These are the key events of 2015 and beginning of 2016.
Extractive industry transparency should not be confined to EITI Reports; it should become an integral feature of how governments manage the sector, and of how companies ensure accountability to their shareholders and host communities.
These are the topics we have been addressing in the past year.
Recommendations in EITI Reports often guide a country on how to improve extractive sector management. They can make an important contribution to policy reform and change.
Afghanistan EITI (AEITI) helped the Government of Afghanistan identify what could potentially be millions of dollars of lost revenue from the extractive sector every year.
Transparency in revenue allocations enables citizens to track whether the money from the extractive sector ends up in the national budget or is distributed to other funds or government entities.
The identity of the real owners – the ‘beneficial owners’ – of the companies that have acquired rights to extract oil, gas and minerals is often unknown, hidden behind a chain of corporate entities.
Governments of several resource-rich countries derive their largest revenue from their share of oil, gas, minerals and metals production received “in-kind” rather than as cash payments.
EITI countries have together published data on the extractive sector covering 282 fiscal years.
How can the geographic, educational and rural-urban divide in a country as vast and diverse as Indonesia - a 5000km-long archipelago of over 240 million people - be bridged?