Extractive Industries Transparency Initiative
The Extractive Industries Transparency Initiative ( EITI) ( German Initiative for Transparency in the Extractive Industries ) was established at the initiative of the World Economic Forum 2003 in Evian- les- Bains to life. The purpose of this initiative is to combat corruption in developing countries and the so-called good governance to strengthen by cash flows from commodity- producing companies go as taxes to the government ( taxes, royalties, etc.), and its use is transparent. This is to prevent that the funds diverted past government, misappropriated or used for any purposes for which from a macroeconomic point of view, little or no priority exists. As an initiator, the UK has established in 2004 the EITI Multi-Donor Fund, which had a volume of 1.5 million pounds in the summer of 2005.
The EITI published on its website a list of all countries that already disclose their cash flows, prepare the disclosure or have announced this. In October 2009, Azerbaijan was the only country that already meets all the requirements of the EITI. As of March 2011, the following countries have achieved this status: Azerbaijan, Ghana, Kyrgyzstan, Liberia, Mongolia, Niger, Nigeria, Norway, East Timor, Yemen, Central African Republic. Other candidates are: Afghanistan, Albania, Burkina Faso, Cameroon, Ivory Coast, Democratic Republic of the Congo, Equatorial Guinea, Gabon, Guatemala, Indonesia, Iraq, Kazakhstan, Madagascar, Mali, Mauritania, Mozambique, Peru, Republic of Congo, Zambia, Sao Tome and Principe, Sierra Leone, Tanzania, Chad, Togo. ( All details of the participating countries are from May 2011. )
The EITI published on their website is a list of previously published reports.
Chief Executive Officer ( Chair of the Board), the German jurist and founder of Transparency International, Peter Eigen.