WHAT DOES BEING AN
EITI COMPLIANT COUNTRY MEAN?
Being EITI compliant means that a country has a working process for ensuring the required
levels of transparency in their natural resource sector. It also means that a country has a platform for discussing how transparency and accountability in the sector should be further improved.
WHAT ARE THE BENEFITS OF EITI IMPLEMENTATION?
The government will benefit from EITI implementation through the adoption of a uniform
procedure for reporting of payments and revenues. This will help the government monitor and
regulate the extractive industries and provide it with relevant data and information necessary
to craft policies.
Participation in the EITI will promote transparency among industry players, thus building the
public’s trust and confidence. A level playing field within the sector as a result of transparency
will make the country more attractive to investors.
EITI will aid the civil society in monitoring the industries and push for advocacies on the basis
of the information that the EITI report will generate. The EITI report will also disclose the following information which are of particular interest to local communities: benefits under the
Social Development and Management Program (SDMP) which is mandated under the Mining Act, p