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?