the eiti standard:
how does eiti work?
• We believe in the principle and practice of accountability by government to all citizens for
the stewardship of revenue streams and public expenditure.
• We are committed to encouraging high standards of transparency and accountability in
public life, government operations and in business,
• We believe that a broadly consistent and workable approach to the disclosure of payments
and revenues is required, which is simple to undertake and to use.
• We believe that payments’ disclosure in a given country should involve all extractive industry companies operating in that country.
In seeking solutions, we believe that all stakeholders have important and relevant contributions to make – including governments and their agencies, extractive industry companies,
service companies, multilateral organizations, financial organizations, investors, and nongovernmental organizations.
II. Requirements
a. For Candidature
A country intending to implement the EITI is required to undertake a number of steps before applying to become an EITI Candidate:
1. The government is required to issue an unequivocal public statement of its intention to
implement the EITI.
2. The government is required to appoint a senior individual to lead on the implementation
of the EITI.
3. The government is required to commit to work with civil society and companies, and
establish a multi-stakeholder group to oversee the implementation of the EITI.
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