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.